May 20, 2020 / 6:49 AM / 6 days ago

BRIEF-VRG Q1 Net Loss Widens To 32.0 Mln Zlotys

May 20 (Reuters) - VRG SA:

* REPORTED ON TUESDAY Q1 NET LOSS OF 32.0 MLN ZLOTYS VERSUS LOSS OF 2.4 MLN ZLOTYS YEAR AGO

* Q1 REVENUE OF 197.5 MLN ZLOTYS VERSUS 214.4 MLN ZLOTYS YEAR AGO

* Q1 OPERATING LOSS OF 11.9 MLN ZLOTYS VERSUS LOSS OF 1.2 MLN ZLOTYS YEAR AGO

* Q1 GROSS MARGIN 47.6%, DOWN 1.4 P.P. YEAR ON YEAR

* ON CORONAVIRUS: EXPECTS REVENUE DROP IN 2020 BY ABOUT 20%

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Further company coverage: (Gdansk Newsroom)

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