Brief: Eureka Group Holdings Announces Impact Of Flood Event In South East Qld And Northern NSW

Eureka group

01/03/2022 01:28

March 1 (Reuters) - Eureka Group Holdings Ltd  EGH.AX :
    * IMPACT OF FLOOD EVENT IN SOUTH EAST QLD AND NORTHERN
NSW-EGH.AX
    * OWNS OR MANAGES 12 VILLAGES IN AFFECTED REGION, FROM
BUNDABERG,
QLD TO LISMORE, NSW
    * ALL RESIDENTS AND STAFF HAVE BEEN EVACUATED FROM PROPERTY
BUT
EMERGENCY SITUATION IN LISMORE IS CONTINUING TO UNFOLD
    * PRELIMINARY INDICATIONS ARE THAT VILLAGES IN SOUTH-EAST
QLD
REGION HAVE NOT BEEN SIGNIFICANTLY IMPACTED
    * FULL IMPACT OF FLOOD EVENT ON THIS PROPERTY IS NOT ABLE TO
BE
ASSESSED AT THIS STAGE.
    * PROPERTY IN LISMORE, NSW HAS BEEN INUNDATED BY RECORD
FLOOD
WATERS
    * PROPERTY HAS LIMITED INSURANCE FOR FLOOD DAMAGE DUE TO ITS
LISMORE-LOCATION
    * IT IS POSSIBLE THAT LOSS OF INCOME AND COST TO RECTIFY
DAMAGE TO
PROPERTY MAY EXCEED INSURED AMOUNT
    * INVESTIGATIONS WILL COMMENCE TO DETERMINE IMPACT OF FLOOD
AS
SOON AS IT IS PRACTICABLE TO DO SO

Source text for Eikon:  ID:nASX3RDXwx 
Further company coverage:  EGH.AX 

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