Brief: Arss Infrastructure Projects Says Most Project Sites Still Shutdown Due To Migration Of Labour

ARSS Infrastructure Projects

10/06/2020 11:37

June 10 (Reuters) - ARSS Infrastructure Projects Ltd
 ARSS.NS :
    * MOST OF PROJECT SITES STILL SHUTDOWN DUE TO MIGRATION OF
LABOUR
    * CO IS WITNESSING DELAY IN RECEIVABLE COLLECTION FROM
DEBTORS
    * DUE TO LOCK DOWN, PROFITABILITY OF Q1 AND SOME EXTENT IN
Q2 WILL
BE ADVERSELY IMPACTED
    * SBI HAS ALREADY CANCELLED COMPROMISE SETTLEMENT INTIMATED
EARLIER
    * FACING LABOUR CRISIS, EXPECT THIS TO IMPROVE IN Q3 AND
NORMALIZE
BY Q4

Source text for Eikon:  ID:nBSE17lkl9 
Further company coverage:  ARSS.NS 

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