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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ms International Plc | LSE:MSI | London | Ordinary Share | GB0005957005 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 870.00 | 860.00 | 880.00 | 885.00 | 865.00 | 870.00 | 17,847 | 16:08:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Special Industry Machy, Nec | 83.96M | 4.12M | 0.2521 | 34.51 | 142.03M |
From Apr 2019 to Apr 2024
TIDMMSI
RNS Number : 7888H
MS International PLC
27 March 2020
27 March 2020
MS INTERNATIONAL plc
(the "Company")
COVID-19 Trading Update
The Company is today issuing a trading update in the context of the ongoing COVID-19 crisis.
The emerging effects of the spreading outbreak of the COVID-19 virus are now clearly compounding what we had already perceived would be a difficult trading period for the Company, as advised in our trading update in September 2019.
The restrictions of movement, both in terms of personnel and goods, are negatively impacting on both our national and widespread international trading arrangements. This is necessitating the partial or complete temporary shut-down of our manufacturing facilities during the course of this week, with the result being the temporary lay-off of employees, although where appropriate many are kindly working from home. Whilst it is not possible to know how long the COVID-19 crisis will last, it is clear that it will have a material impact on our trading performance.
Given the ongoing uncertainty, we are taking all appropriate measures to conserve our cash resources. We also note and appreciate the various actions taken by the UK Government to support businesses and employees during this period and we will utilise these as appropriate.
The Company's balance sheet remains strong and as at 25 March 2020, we had net cash of GBP15.5 million and are therefore very well positioned to navigate this unprecedented period. In addition, we are confident that the many investment programmes that we have in progress will assist our objective of achieving a more prosperous future for the Company once we return to more normal trading conditions.
For further information please contact:
MS INTERNATIONAL plc Tel: +44 (0)13 0232 2133
Michael Bell
Shore Capital
Nomad and Broker Tel: +44 (0)20 7408 4090
Patrick Castle/Daniel Bush
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTSEWFAMESSEDD
(END) Dow Jones Newswires
March 27, 2020 03:00 ET (07:00 GMT)
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