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BRIEF-Netlinkz Reiterates Previously Announced Revenue Forecast For CY20

Published 14/04/2020, 11:06 am
© Reuters.

April 14 (Reuters) - Netlinkz Ltd NET.AX :

* REITERATES PREVIOUSLY ANNOUNCED REVENUE FORECAST FOR CY20 OF A$15.3 MILLION

* COVID-19 SITUATION HAS NOT IMPACTED ON CO'S CHINESE OPERATIONS

* COST CUTTING INITIATIVES INCLUDES REDUCTION IN MANAGEMENT SALARIES AND BOARD FEES AND LOWER AUSTRALIAN CORPORATE HEAD OFFICE COSTS

* DIRECTORS AND EXECUTIVES OF GROUP ACCEPTING SALARY CUTS OF 50% FOR NEXT SIX MONTHS

* EXPECTS TO MEET OR EXCEED ITS PREVIOUSLY ANNOUNCED REVENUE GUIDANCE FOR CY20 OF A$15.3 MILLION

* DIRECTORS AND EXECUTIVES OF GROUP ACCEPTING SALARY CUTS OF 50% FOR NEXT SIX MONTHS

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