Brief: Amara Expects Financial Performance For 2020 To Be Severely Impacted

Amara Holdings

08/06/2020 15:42

June 8 (Reuters) - Amara Holdings Ltd  AMRA.SI :
    * COMPLETION DATES OF GROUP'S PROPERTY DEVELOPMENT PROJECTS
IN
PROGRESS EXPECTED TO BE DELAYED
    * EXPECTS FINANCIAL PERFORMANCE FOR 2020 TO BE SEVERELY
IMPACTED
    * BARRING ANY UNFORESEEN CHANGES, AMARA BANGKOK IS SCHEDULED
TO
REOPEN IN JULY 2020
    * SPECIALTY RESTAURANTS & FOOD SERVICES SEGMENT CONTINUED
OPERATIONS THROUGHOUT CIRCUIT BREAKER PERIOD
    * COMPLETION DATES OF GROUP'S PROPERTY DEVELOPMENT PROJECTS
IN
PROGRESS ARE EXPECTED TO BE DELAYED
    * NO MATERIAL CONCERNS OVER GROUP'S ABILITY TO FULFIL
NEAR-TERM
DEBT OBLIGATIONS
    * PUT IN PLACE COST-CONTAINMENT MEASURES SUCH AS REDUCTION
OF
CASUAL LABOURS, LEAVE CLEARANCE, & DEFERRED ALL DISCRETIONARY
EXPENSES

Source text for Eikon:  ID:nSNZ91btmb 
Further company coverage:  AMRA.SI 

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