Brief: Nova Lifestyle Says Q1 Sales Fell 75% To $2.2 Million

XMax

06/07/2020 21:13

July 6 (Reuters) - Nova LifeStyle Inc  NVFY.O :
    * NOVA LIFESTYLE, INC. REPORTS 2020 FIRST QUARTER RESULTS
    * Q1 SALES FELL 75 PERCENT TO $2.2 MILLION
    * EXPECTS IMPACT OF COVID-19 ON U.S. AND WORLD ECONOMIES
WILL HAVE
A MATERIAL ADVERSE IMPACT ON DEMAND FOR ITS PRODUCTS
    * QTRLY NET LOSS WAS $1.3 MILLION

Source text for Eikon:  ID:nGNXbkfLXX 
Further company coverage:  NVFY.O 

 (Reuters.Briefs@thomsonreuters.com)