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BRIEF-Supply Network Withdraws Revenue & Profit Guidance Provided On 24th Jan

Published 25/03/2020, 03:34 pm
© Reuters.
SNL
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March 25 (Reuters) - Supply Network Ltd SNL.AX :

* BOARD HAS DECIDED TO WITHDRAW REVENUE AND PROFIT GUIDANCE PROVIDED ON 24TH JANUARY 2020

* TO DEFER PAYMENT OF INTERIM DIVIDEND OF 6.5 CENTS FULLY FRANKED THAT WAS DUE TO BE PAID ON 2ND APRIL UNTIL 2ND OCTOBER

* HOLD NORMAL LEVELS OF STOCK; EXPECT POTENTIAL INTERRUPTIONS TO SUPPLY CHAIN FROM OVERSEAS FACTORY CLOSURES TO BE SHORT TERM& IMMATERIAL

* OPERATIONS CLASSIFIED ESSENTIAL SERVICE SO ALL MULTISPARES BRANCHES TO REMAIN OPEN, ALBEIT WITH SIGNIFICANTLY REDUCED STAFFING

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