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HYD - Hydrix News Story

A$0.087 0.0  1.2%

Last Trade - 1:04am

Sector
Industrials
Size
Micro Cap
Market Cap £4.86m
Enterprise Value £7.96m
Revenue £8.94m
Position in Universe 1553rd / 1835

BRIEF-Hydrix Announces Withdrawal FY20 Guidance

Thu 9th April, 2020 10:43am
April 9 (Reuters) - Hydrix Ltd  HYD.AX :
    * WITHDRAWN ITS FY20 GUIDANCE
    * SEES SOME SLOWING AND DEFERRAL OF CONTRACTS, BUT AT THIS
POINT,
NO CONTRACTS HAVE BEEN CANCELLED
    * COMPANY ANTICIPATES SOME PROJECTS UNDER EXISTING CONTRACTS
MAY
BE SLOWED DOWN DUE TO PANDEMIC
    * AS AT 31 MARCH 2020, CASH ON HAND WAS $2.1 MILLION
    * DUE TO DEFERED AND SLOWED DOWN PROJECTS THERE IS LIKELY TO
BE A
REDUCTION IN REVENUE FOR SERVICES DIVISION, IN NEAR TERM
PROEJCTS

Source text for Eikon:  ID:nASXb7N5RX 
Further company coverage:  HYD.AX 

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