Brief: Wellington Drive Technologies Withdraws 2020 Guidance

Aofrio

27/03/2020 02:05

March 27 (Reuters) - Wellington Drive Technologies Ltd
 WDT.NZ :
    * WITHDRAWING PREVIOUSLY DISCLOSED FINANCIAL GUIDANCE FOR
2020
FINANCIAL YEAR.
    * IMPLEMENTED A HIRING FREEZE FOR BALANCE OF 2020
    * DEFERRED NZ$2 MILLION OF CAPEX SPEND
    * DUE TO INCREASING UNCERTAINTY SURROUNDING COVID-19,
WITHDRAWS
PREVIOUSLY DISCLOSED FINANCIAL GUIDANCE FOR 2020 FY

Source text for Eikon:  urn:newsml:reuters.com:*:nNZWK167c
Further company coverage:  WDT.NZ 

 (Reuters.Briefs@thomsonreuters.com)