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BRIEF-AG Growth International Reports Q1 Loss Per Share C$2.61

Published 2020-05-07, 06:55 a/m
AFN
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May 7 (Reuters) - Ag Growth International Inc AFN.TO :

* AGI ANNOUNCES FIRST QUARTER 2020 RESULTS

* Q1 LOSS PER SHARE C$2.61

* Q1 EARNINGS PER SHARE ESTIMATE C$0.03 -- REFINITIV IBES DATA

* TAIL END OF OUR Q1 WAS IMPACTED BY COVID CRISIS

* ALL OPERATIONS ARE CURRENTLY IN PRODUCTION

* AG GROWTH INTERNATIONAL - COVID WILL HAVE IMPACT ON Q2 & REMAINDER OF YEAR DUE TO PRODUCTION SUSPENSIONS AND SUPPLY CHAIN AND DELIVERY DISRUPTIONS

* AG GROWTH INTERNATIONAL - BACKLOGS AND NEW ORDER INTAKE REMAIN SOLID ALLOWING US TO MITIGATE COVID IMPACT IN Q2 AND INTO SECOND HALF OF YEAR

* AG GROWTH INTERNATIONAL - INTERNATIONAL PRODUCTION SUSPENSIONS DUE TO COVID-19 LASTED BETWEEN 2 AND 4 WEEKS AND IMPACTED PART OF Q1 AND INTO Q2

* QTRLY TRADE SALES $228.9 MILLION VERSUS $216.2 MILLION

* Q1 REVENUE VIEW C$221.4 MILLION -- REFINITIV IBES DATA

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