Brief: Adams PLC Says COVID-19 Impacts Co's Investment Portfolio Negatively
19/03/2020 15:47
March 19 (Reuters) - Adams PLC ADAA.L :
* ADAMS PLC - STATEMENT RE COVID-19
* COVID-19 HAS HAD A NEGATIVE IMPACT ON COMPANY'S INVESTMENT
PORTFOLIO
* COVID-19 GENERATED UNREALISED LOSSES ESTIMATED TO HAVE
RESULTED
IN LOSS FOR CURRENT FINANCIAL YEAR TO DATE OF APPROXIMATELY £0.5
MILLION
* BOARD IS CONFIDENT THAT COMPANY HAS SUFFICIENT WORKING
CAPITAL
TO MAINTAIN ITS OPERATIONS FOR FORESEEABLE FUTURE
Source text for Eikon: ID:nRSS8566Ga
Further company coverage: ADAA.L
((Reuters.Briefs@thomsonreuters.com;))