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BRIEF-Vitarich Corp Updates On Impact And Risk Of Covid-19 On Its Business Operations

Published 03/16/2020, 02:08 PM
Updated 03/16/2020, 02:16 PM
BRIEF-Vitarich Corp Updates On Impact And Risk Of Covid-19 On Its Business Operations

BRIEF-Vitarich Corp Updates On Impact And Risk Of Covid-19 On Its Business Operations

March 16 (Reuters) - Vitarich Corp VITA.PS :
* VITARICH CORP - UPDATES ON IMPACT AND RISK OF COVID-19 ON
ITS
BUSINESS OPERATIONS
* VITARICH CORP- COVID-19 HAS NO ADVERSE IMPACT YET ON
VITARICH'S
OVER-ALL BUSINESS OPERATIONS
* VITARICH CORP - CORP HAS OBSERVED DECLINE IN DEMAND AND
INCONSISTENCIES IN SALES ORDERS OF ITS DRESSED CHICKEN PRODUCTS
* VITARICH CORP - EXPECTS HIGHER COSTS DUE TO DELAYS IN
DELIVERY
OF RAW MATERIALS & FINISHED GOODS SHOULD VIRUS TRANSMISSION
CONTINUE UP TO 14 APRIL
* VITARICH CORP - FARMS, PLANTS AND SALES OPERATIONS WERE
NOT
DISRUPTED BY COVID-19 OUTBREAK
* VITARICH CORP-SEES REDUCTION IN MANPOWER AND/OR PRODUCTION
VOLUME DUE TO LIMITED MOVEMENT, MOBILITY SHOULD VIRUS
TRANSMISSION CONTINUE UP TO 14 APRIL
* VITARICH CORP- SEES REDUCTION IN DEMAND, SALES VOLUME, AND
INCOME FROM FEEDS AND POULTRY OPERATIONS SHOULD TRANSMISSION OF
VIRUS CONTINUE TO SPREAD

Source text for Eikon: ID:nPSX5R553k
Further company coverage: VITA.PS

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