Brief: Guoco Says GL Group Expects COVID-19 To Hit FY Results

Guoco

24/03/2020 10:31

March 24 (Reuters) - Guoco Group Ltd  0053.HK :
    * GL GROUP EXPECTS THAT ITS FINANCIAL RESULTS FOR FULL
FINANCIAL
YEAR ENDING 30 JUNE 2020 WILL BE SIGNIFICANTLY AND ADVERSELY
IMPACTED
    * SPREAD OF COVID-19 TO CONTINENTAL EUROPE & UK
SIGNIFICANTLY
REDUCED BOOKINGS, INCREASED CANCELLATIONS IN HOTELS OF UNIT GLH
    * COVID-19 MITIGATION PLANS INCLUDE TEMPORARILY DEFERRING
CAPITAL
PROJECTS WHICH ARE NOT BUSINESS-CRITICAL

Source text for Eikon:  ID:nSNZ1L8CG7 
Further company coverage:  0053.HK 

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