Brief: Chesswood Announces Q1 2020 Results And Provides COVID-19 Update

Chesswood

13/05/2020 12:25

May 13 (Reuters) - Chesswood Group Ltd  CHW.TO :
    * CHESSWOOD ANNOUNCES Q1 2020 RESULTS AND PROVIDES COVID
UPDATE
    * CHESSWOOD GROUP - QTRLY LOSS PER SHARE - BASIC $1.12
    * CHESSWOOD GROUP LTD - DO EXPECT TO INCUR HIGHER THAN
NORMAL
CHARGE-OFFS IN COMING MONTHS, AS BUSINESSES RE-OPEN, DUE TO
EFFECTS OF COVID-19 SHUTDOWN
    * CHESSWOOD GROUP LTD - PERSONNEL EXPENSES HAVE BEEN REDUCED
BY
APPROXIMATELY 30% IN ADDITION TO SUSPENSION OF DIRECTORS' FEES

Source text for Eikon:  ID:nCNWT8tV0a 
Further company coverage:  CHW.TO 

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