March 26 (Reuters) - Allegra Orthopaedics Ltd AMT.AX :
* RISE OF COVID-19 PANDEMIC IN AUSTRALIA WILL HAVE A DIRECT & NEGATIVE IMPACT ON ALLEGRA'S FINANCIAL PERFORMANCE FOR FY2020
* ALLEGRA'S REVENUES GENERATED FROM ITS ORTHOPAEDIC DIVISION WILL BE MATERIALLY AND NEGATIVELY IMPACTED
* UNABLE TO ESTIMATE VALUE OF COVID-19 IMPACT
* BELIEVES WILL RECOVER BACK TO NORMAL OPERATING CONDITIONS AS PANDEMIC COMES UNDER CONTROL
* TOOK MEASURES LIKE SALARY REDUCTIONS OF SENIOR STAFF, REDUCE STAFF WORK HOURS &STANDING DOWN STAFF UNTIL SITUATION UNDER CONTROL