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BRIEF-POLARIS MATERIALS EXPECTS 2017 TOTAL SALES VOLUMES TO DECLINE IN RANGE OF 5 PCT

Published 2017-01-24, 05:49 p/m
© Reuters. BRIEF-POLARIS MATERIALS EXPECTS 2017 TOTAL SALES VOLUMES TO DECLINE IN RANGE OF 5 PCT
PLS
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Jan 24 (Reuters) - Polaris Materials Corp PLS.TO

* POLARIS MATERIALS ANNOUNCES 2016 OPERATING RESULTS, 2017 PRELIMINARY OUTLOOK

* PRELIMINARY EXPECTATION FOR 2017 IS THAT TOTAL SALES VOLUMES COULD DECLINE IN RANGE OF 5%.

* SAYS DESPITE MODESTLY LOWER EXPECTED SALES VOLUMES, EXPECT REVENUES TO INCREASE SIGNIFICANTLY IN 2017,

* 2017 VOLUMES INTO SAN FRANCISCO MARKET ARE CURRENTLY ANTICIPATED TO BE 15-20% LOWER THAN 2016

* EXPECT TO SEE UNIT MARGINS IMPROVE IN 2017, AS IMPACT FROM PRICING IMPROVEMENTS, LOGISTICS COST REDUCTIONS AMONG OTHERS Source text for Eikon: ID:nPn3DTyr0a Further company coverage: PLS.TO

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