Brief: Slaskie Announces Possible Impact Of Coronavirus On Its Operation

Berg Holding SA

23/03/2020 13:56

March 23 (Reuters) - Slaskie Kamienice SA  SLKP.WA :
    * SAID ON FRIDAY IT CANNOT AT PRESENT PRECISELY DETERMINE
THE
FINAL EFFECTS OF THE CORONAVIRUS EPIDEMIC ON THE GROUP'S
OPERATIONAL ACTIVITY 
    * DUE TO EPIDEMIC, INTERPERSONAL CONTACT IS SIGNIFICANTLY
LIMITED
AND THE GROUP'S AND ITS UNITS' REVENUE DEPENDS ON CONCLUDING
CONTRACTS, REQUIRING PERSONAL PRESENCE
    * IN AN EXTREME SCENARIO CLOSING OF CONTRACTS COULD BE
TEMPORARILY
SUSPENDED IMPACTING FINANCIAL RESULTS IN FUTURE QUARTERS
    * AT PRESENT RENOVATION AND CONSTRUCTION TEAMS HAVE NOT
STOPPED
OPERATIONS BUT THE GROUP DOES NOT EXCLUDE SUCH POSSIBILITY WHICH
WOULD RESULT IN SCHEDULE DELAYS IMPACTING FINANCIAL RESULTS IN
FUTURE QUARTERS
    * AT PRESENT SEES NO RISK REGARDING PAYMENT OF COUPONS ON
BONDS
    * IS SEEING DELAYS IN PROCESSING TIMES OF SUBMITTED LOAN AND
LEASING APPLICATIONS, ALSO SOME STORES/WHOLESALERS HAVE
SUSPENDED ACTIVITIES CAUSING DIFFICULTIES IN ACCESSING MATERIALS
AND PRODUCTS
    * IF SITUATION REMAINS UNSTABLE, SAID DELAYS AND
DIFFICULTIES
COULD CAUSE POTENTIAL DELAYS IN IMPLEMENTATION OF INDIVIDUAL
INVESTMENTS AND COULD AFFECT FINANCIAL RESULTS IN FUTURE
QUARTERS
    * DECISION TO CLOSE UNIT SLASKA PROHIBICJA, WILL HAVE
SIGNIFICANT
IMPACT ON UNIT'S FINANCIAL RESULTS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbxQBBQa
    
 Further company coverage:  SLKP.WA  
   


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