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BRIEF-Allegra Orthopaedics Says Covid-19 To Negatively Impact Performance For FY2020

Published 26/03/2020, 03:59 pm
Updated 26/03/2020, 04:00 pm
© Reuters.

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

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