Brief: Washtec No Dividend To Be Paid For Financial Year 2019
10/06/2020 11:20
June 10 (Reuters) - WASHTEC AG WSUG.DE :
* ADJUSTS THE DIVIDEND PROPOSAL FOR 2019
* NO DIVIDEND WILL BE PAID FOR FINANCIAL YEAR 2019 (ORIGINAL
PROPOSAL: EUR 1.65 PER SHARE)
* CONTINUING ECONOMIC UNCERTAINTIES REGARDING DRASTIC
EFFECTS OF
COVID-19 PANDEMIC WILL ALSO LEAD TO A SIGNIFICANT YEAR-ON-YEAR
DECLINE IN REVENUE AND EBIT AT WASHTEC
* NET INCOME IN APRIL AND MAY WERE POSITIVE DESPITE
SIGNIFICANT
DECLINE IN REVENUE
* WASHTEC IS CONSISTENTLY PUSHING AHEAD WITH ITS EXTENSIVE
COST-CUTTING MEASURES
Source text for Eikon: ID:nEQc94z1da
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