Brief: Andrews Sykes Group Says Coronavirus Pandemic Will Have An Impact On Business During 2020

Andrews Sykes

12/05/2020 08:31

May 12 (Reuters) - Andrews Sykes Group PLC  ANSY.L :
    * FY REVENUE FELL 1.7 PERCENT TO 77.2 MILLION STG
    * SAYS FY PROFIT BEFORE TAX WAS £18.6 MILLION COMPARED WITH
£21.1
MILLION LAST YEAR
    * SAYS CORONAVIRUS PANDEMIC WILL HAVE AN IMPACT ON BUSINESS
DURING
2020
    * SAYS IN UK, APPROXIMATELY 50% OF OUR EMPLOYEES ARE
FURLOUGHED
    * FORECAST CAPITAL EXPENDITURE FOR 2020 IS C£1.2 MILLION
LESS THAN
2019
    * GROUP STILL EXPECTS TO PRODUCE A PROFIT FOR 2020
    * SAYS IN 2021 WE EXPECT TO RETURN TO NORMAL LEVELS OF
TRADING

Source text for Eikon:  ID:nRSL5576Ma 
Further company coverage:  ANSY.L 

 ((Reuters.Briefs@thomsonreuters.com;))