June 24, 2020 / 4:54 AM / 12 days ago

BRIEF-Carlo Gavazzi Holding FY Net Income Of CHF 6.1 Million, Down 43.0%

June 24 (Reuters) - Carlo Gavazzi Holding AG:

* FY OPERATING REVENUE -0.5% IN LOCAL CURRENCY / -4.2% IN CHF RESPECTIVELY, REACHING CHF 148.5 MILLION (2018/19: CHF 155.0 MILLION)

* FY OPERATING PROFIT (EBIT) DECREASES TO CHF 10.8 MILLION, (2018/19: CHF 15.2 MILLION / -28.9%)

* FY NET INCOME OF CHF 6.1 MILLION (CHF 10.7 MILLION IN 2018/19 / -43.0%)

* BOARD OF DIRECTORS PROPOSES TO REFRAIN FROM DISTRIBUTING DIVIDEND Source text: bit.ly/2NrCY4a Further company coverage: (Gdansk Newsroom)

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