Brief: Verde Agritech Says Will Not Achieve Stated Sales Target Of 200 Thousand Tonnes For 2019

Verde AgriTech

14/11/2019 12:59

Nov 14 (Reuters) - Verde Agritech PLC  NPK.TO :
    * VERDE REPORTS 2019 THIRD QUARTER RESULTS
    * VERDE AGRITECH PLC - COMPANY INFORMS THAT IT WILL NOT
ACHIEVE
STATED SALES TARGET OF 200 THOUSAND TONNES FOR 2019
    * VERDE AGRITECH PLC - ESTIMATES A TOTAL OF 110 THOUSAND
TONNES
WILL BE SOLD IN 2019, TOTALING REVENUES OF R$16.3 MILLION
    * VERDE AGRITECH PLC - VERDE HAS PRODUCED 52,111 TONNES OF
PRODUCT
AND HAS SOLD 62,855 TONNES DURING Q3
    * VERDE AGRITECH PLC - 2020 CO'S SALES TARGET IS REVISED
LOWER TO
R$32 MILLION
    * VERDE AGRITECH - GROUP RECOGNIZED REVENUES OF R$3.1MLN IN
Q3
    * VERDE AGRITECH PLC - GROUP RECORDED IN Q3 A PROFIT BEFORE
TAX OF
R$97,000

Source text for Eikon:  ID:nGNX4XmrzK 
Further company coverage:  NPK.TO 

 ((Reuters.Briefs@thomsonreuters.com;))