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Poly says sales better than expected, but suspends dividend to preserve cash

2020-04-15 17:40:00| Telecompaper Headlines

(Telecompaper) Poly announced sales have been better-than-expected in the past quarter on strong demand for its headsets and other products. While its backlog has grown, its main production site in Mexico was shut down this month, which could cause problems filling orders. The company has suspended its quarterly dividend and debt repayments in order to conserve cash and is starting a cost-cutting plan. 

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Category:Telecommunications

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