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VENKEYS - Venky's (India) News Story

₹1423.25 -9.3  -0.7%

Last Trade - 11:16am

Sector
Consumer Defensives
Size
Small Cap
Market Cap £211.9m
Enterprise Value £223.7m
Revenue £306.3m
Position in Universe 509th / 3011

BUZZ-Venky's (India) hits over 4-month low after posting Q3 loss

Fri 7th February, 2020 7:45am
** Indian poultry products maker's shares  VENK.NS  fall as
much as 7.1% to 1496.25 rupees, lowest since early October 2019
    ** VENK posts December-quarter net loss of 58.6 mln rupees
($822,259.95) vs profit of 676.7 mln rupees a yr earlier
 urn:newsml:reuters.com:*:nFWN2A615F
    ** Q3 "profitability was affected due to higher input costs
- mainly poultry feed ingredients - and lower realizations from
the sale of poultry products" - VENK statement (http://bit.ly/39qyWlR)
    ** Revenue from ops rises to 8.80 bln rupees from 8.12 bln
rupees
    ** More than 367,000 shares change hands, 3.2x 30-day avg
volume
    ** Stock fell 26.8% in 2019; Including session's low, stock
down ~15% YTD

 ($1 = 71.2670 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; outside U.S. +91 99863
58469;))
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