Brief: Prosperous Industrial Resolves To Adjust Production Capacity Downward In Upcoming Months

Prosperous Industrial (Holdings)

22/05/2020 16:12

May 22 (Reuters) - Prosperous Industrial (Holdings) Ltd
 1731.HK :
    * RESOLVED TO ADJUST ITS PRODUCTION CAPACITY DOWNWARD IN
UPCOMING
MONTHS
    * CAMBODIA PRODUCTION BASE WILL BE SUSPENDED GRADUALLY FOR 3
MONTHS STARTING FROM END OF MAY 2020
    * TOTAL REVENUES OF GROUP FOR FOUR MONTHS ENDED 30 APRIL
DOWN
ABOUT 28%
    * COVID-19 PANDEMIC EXPECTED TO HAVE AN ADVERSE IMPACT ON
PERFORMANCE OF GROUP

Source text for Eikon:  ID:nHKS5hGYSs 
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 (Reuters.Briefs@thomsonreuters.com)