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“NAFPAKTOS TEXTILE INDUSTRY SA” informs the investors that by acting precautionarily to limit the transmission of the coronavirus COVID-19 and safeguard the safety of its employees, it decided to temporarily suspend its production activity and put its employees on suspension (except its security personnel), from 01/04/2020 to the beginning of May 2020.
The company, bearing a sense of responsibility towards both its employees and its shareholders, monitors closely the recent developments and takes all appropriate measures to mitigate the consequences of the financial effects of the pandemic.
The business plans prepared in combination to its strong financial structure, ensure that the business continuity of the company will not be endangered and that it will successfully cope with the unfavorable environment that has been created.
The economic impact for the current year will depend on the duration of the pandemic and the global economic impact. The company will come up with a new update for its investors as soon as the current conditions allow a safer assessment on the effects of the pandemic.