Brief: Capital Park Sees Significant Negative Impact Of Coronavirus Epidemic On Group's Fin. Results

Capital Park SA

09/04/2020 10:09

April 9 (Reuters) - Capital Park SA  CPGP.WA :
    * SAID ON WEDNESDAY CORONAVIRUS EPIDEMIC WILL HAVE
SIGNIFICANT
NEGATIVE IMPACT ON GROUP'S FUTURE FINANCIAL RESULTS
    * EPIDEMIC MAY NEGATIVELY IMPACT GROUP'S Q2 RESULTS AND
DEPENDING
ON PERIOD OF EPIDEMIC RELATED RESTRICTIONS ALSO FURTHER RESULTS
    * EPIDEMIC MAY CAUSE 45% DROP OF CONSOLIDATED NET OPERATING
INCOME
FOR Q2 DUE TO PROPERTY LEASE FEE DROP
    * EPIDEMIC MAY AFFECT PROJECT COMPLETION SCHEDULES AND
BUDGETS,
CAUSE DIFFICULTIES WITH ACCESS TO FINANCING, DROP IN TENANT AND
REAL ESTATE BUSINESS PARTNER ACTIVITY IN POLAND
    * CURRENTLY CONSTRUCTION AT UL. ZELAZNA IN WARSAW IS
PROCEEDING
WITHOUT SIGNIFICANT DISRUPTION
    * IS CURRENTLY MAINTAINING SECURE LIQUIDITY POSITION
    * CURRENTLY DOES NOT ANTICIPATE ANY BREACH OF TERMS TO
SIGNED
AGREEMENTS, ESPECIALLY WITH BANKS OR BOND-RELATED
    * CURRENTLY DOES NOT ANTICIPATE NEED TO BOOK IMPAIRMENT
LOSSES ON
FINANCIAL AND NON-FINANCIAL ASSETS IN FORESEEABLE FUTURE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9QszsPa
    
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