March 18, 2020 / 1:30 PM / 10 days ago

BRIEF-Italian Wine Brands FY Net Profit Up At EUR 7.9 Mln

March 18 (Reuters) - Italian Wine Brands SpA:

* FY TOTAL REVENUE EUR 160.0 MILLION VERSUS EUR 150.2 MILLION YEAR AGO

* FY NET PROFIT EUR 7.9 MILLION VERSUS EUR 6.4 MILLION YEAR AGO

* PROPOSES DIVIDEND OF UP TO EUR 0.50 PER SHARE

* ON CORONAVIRUS, SINCE IT IS NOT POSSIBLE TO PREDICT DURATION OF THIS CONTINGENCY SITUATION, IT CANNOT BE EXCLUDED THAT SITUATION MAY DETERIORATE IN A BLOCKAGE OR SLOWDOWN IN ACTIVITIES THAT CONCERN THE GROUP’S SUPPLIERS

* ON CORONAVIRUS, IN THESE WEEKS OF GREAT TENSION, ACTION IS THEREFORE AIMED TO DEVELOP IMMEDIATE SOLUTIONS TO DEAL WITH EMERGENCY SITUATION AND ENSURE THE MOST EFFICIENT AND EFFECTIVE BUSINESS CONTINUITY POSSIBLE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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