March 16, 2020 / 8:42 AM / in 25 days

BRIEF-El En FY Net Profit Up At 26.0 Mln

March 16 (Reuters) - El En SpA:

* REPORTED ON FRIDAY FY PRODUCTION VALUE EUR 409.2 MLN VS EUR 363.5 MLN YEAR AGO

* PROPOSES DIVIDEND OF EUR 0.40 PER SHARE

* EFFECTS OF COVID-19 ON BUSINESS HAVE BEEN SIGNIFICANT AND ITS THREE FACTORIES IN CHINA HAD TO EXTEND HOLIDAY CLOSURE AND BLOCK PRODUCTION

* PREFERS TO POSTPONE GUIDANCE RELEASE UNTIL EXTENT AND DURATION OF EFFECTS OF COVID-19 ACTIVITIES WILL BE CLEARER

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Further company coverage: (Gdansk Newsroom)

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