Brief: Asset Plus Says FY Net Loss After Tax Of NZ$14.69 Mln

Asset Plus

16/06/2020 24:40

June 16 (Reuters) - Asset Plus Ltd  APL.NZ :
    * FY NET LOSS AFTER TAX NZ$14.69 MILLION VERSUS PROFIT OF
NZ$3.80
MILLION
    * NO DIVIDEND TO BE PAID FOR Q4 DUE TO COVID-19 IMPACT
    * DUE TO MARKET VOLATILITY FROM COVID-19, DEFERRED PLANNED
CAPITAL
RAISE UNTIL CONDITIONS STABILISE
    * RENTAL ABATEMENTS, RELIEF APPLIED TO APRIL–JUNE QUARTER
EXPECTED
TO IMPACT OPERATING EARNINGS BY NZ$0.59 MILLION
    * GOT EXTENSION TO FUNDING CONDITION UNTIL JULY-END, WITH
FURTHER
RIGHT TO EXTEND UNTIL OCT-END
    * CONTINUES TO REVIEW FUNDING OPTIONS FOR MUNROE LANE
DEVELOPMENT

Source text https://www.i-search.nzx.com/blobs/NAP000000/492332/NAP000000-324517.pdf
Further company coverage:  APL.NZ 

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