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BRIEF-Trimantium Growthops Sees Covid-19 Impact To Lead To Net Reduction In Revenue In Q4

Published 22/04/2020, 11:28 am

April 22 (Reuters) - Trimantium Growthops Ltd TGO.AX :

* MADE TEMPORARY REDUCTIONS AT ALL LEVELS IN BUSINESS, IN EMPLOYEE REMUNERATION & WORKING HOURS

* BUSINESS REVENUES FOR QUARTER IMPACTED AS A RESULT OF DELAYS IN PROJECTS

* SEES COVID-19 IMPACT TO LEAD TO NET REDUCTION IN REVENUE IN Q4

* REDUCTION IN GROWTHOPS' Q4 REVENUE WILL BE PARTIALLY OFFSET BY TEMPORARY REDUCTIONS IN EMPLOYEE COSTS FROM APRIL 2020

* FURTHER IMPAIRMENT OF INTANGIBLES MAY BE REQUIRED FOR FY TO 30 JUNE 2020

* CO'S COACHING & LEADERSHIP BUSINESS, IECL, AFFECTED BY CANCELLATION AND/OR DEFERRAL OF COACHING & LEADERSHIP PROGRAMS

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