Jan 31 (Reuters) - Phoslock Environmental Technologies Ltd PET.AX :
* 2020 REVENUE FORECAST $50-70M
* FY2019 REVENUE $25.1M, UP 53%
* IN WUHAN, ALL ACTIVITIES WERE COMPLETED IN OCTOBER 2019; PRESENTLY NO PET PERSONNEL IN WUHAN
* CO AND ITS PERSONNEL UNAFFECTED BY CORONAVIRUS OUTBREAK;AT THIS STAGE EXPECT TO SEE NO CHANGE IN OVERALL CONTRACT POSITION
* WORK ON NEXT STAGE OF PROJECT IN WUHAN NOT DUE TO START UNTIL APRIL-MAY 2020
* PROJECT DELAYS WILL REDUCE GROSS PROFIT BY SOME $2.5M FOR FY2019
* FY2019 NET PROFIT BEFORE TAX AND NON-CASH ITEMS IS FORECAST IN RANGE OF $2-3M