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

Allegra Medical Technologies

26/03/2020 04:59

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

Source text for Eikon:  ID:nASX5hbD9J 
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 ((Reuters.Briefs@thomsonreuters.com;))