discoverIE Group Plc reports resumption of production at Chinese facilities

  • Mar 19, 2020 GMT
  • Team Kalkine
discoverIE Group Plc (LON: DSCV) has released a trading update for the year ending 31 March 2020.
  • The company stated that the Group during the fourth quarter has experienced some isolated disruption to the business due to the outbreak of the COVID-19 virus.
  • The company also reported that following an extended shut down after the Chinese New Year, its two manufacturing facilities in Guangdong province are again operational, with production resuming to planned levels.
  • Other than China, the group’s trading during the fourth quarter has remained in line with the expectations.
  • On 19th March 2020, at the time of writing, GMT 08:09 AM, DSCV shares were trading at GBX 360.00, down by 28.00 points or 7.22% against the previous day closing price.

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