Brief: Alphageo (India) Says Strong Likelihood Of Generating No Income For 1st Two Qtrs Of FY 20-21

Alphageo (India)

21/05/2020 11:05

May 21 (Reuters) - Alphageo (India) Ltd  ALPI.NS :
    * ALPHAGEO (INDIA) -EFFECT DUE TO LOCK DOWN AND OTHER
MEASURES
INDUCED BY GOVERNMENT TO CONTROL PANDEMIC HAS HAD A SIGNIFICANT
IMPACT ON CO'S OPERATIONS
    * SEES IMPACT ON FINANCIALS DUE TO NON- FULFILMENT  OF
CONTRACTS
    * ALPHAGEO (INDIA) -IMPACT OF COVID-19 AND STEEP FALL IN OIL
PRICES HAS LED TO SITUATION WHERE CLIENTS ARE SEEKING REDUCTION
IN  PRICES POST AWARD
    * SAYS THERE IS A STRONG LIKELIHOOD OF GENERATING NO INCOME
FOR
THE 1ST TWO QUARTERS OF FY 2020-21

Source text for Eikon:  ID:nBSE7QMMvC 
Further company coverage:  ALPI.NS 

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