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BRIEF-Coventry Group Ltd provides trading update

Published 20/07/2017, 01:31 am
© Reuters.  BRIEF-Coventry Group Ltd provides trading update
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July 19 (Reuters) - Coventry Group Ltd CYG.AX

* It is anticipated that a decrease in rental income in order of $1 million is likely in 2018

* Has been unable to determine exact financial impact of cyber attack incident on group

* Says group was subject to a cyber-attack in May when ransomware was inadvertently executed within its it networks

* It is likely that material sales were lost during cyber attack as ability to take customer orders was compromised

* Expects that a material non-cash increase in current inventory provisioning will be included in FY17 results

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