April 29, 2020 / 6:35 AM / a month ago

BRIEF-PTS Plast-Box Sees April Revenue To Amount To 60-65% Of April 2019 Revenue

April 29 (Reuters) - Przetworstwo Tworzyw Sztucznych Plast-Box SA:

* SAID ON TUESDAY THAT DUE TO COVID-19 PANDEMIC THE GROUP HAS recorded a DROP IN RECEIVED ORDERS

* THE MANAGEMENT ESTIMATES THAT COMPANY’S STANDALONE REVENUE IN APRIL WILL CONSTITUTE ABOUT 70-75% OF REVENUE FOR APRIL 2019

* CONSOLIDATED SALES REVENUE IN APRIL IS ESTIMATED AT ABOUT 60-65% OF REVENUE FOR APRIL 2019

* IN RELATION TO THE SITUATION RESULTING FROM COVID-19 PANDEMIC THE MANAGEMENT HAS RESOLVED TO HALT ALL NON-CRUCIAL INVESTMENTS, HOWEVER ALL INVESTMENTS THAT HAVE ALREADY BEEN STARTED WILL BE COMPLETED ACCORDING TO SCHEDULE

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Further company coverage: (Gdansk Newsroom)

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