Brief: Japan Foods Sees FY20 Net Profit After Tax To Be Lower

Japan Foods Holding

20/05/2020 10:46

May 20 (Reuters) - Japan Foods Holding Ltd  JPFD.SI :
    * SEES COVID-19 MEASURES TO ADVERSELY IMPACT FINANCIAL
PERFORMANCE
WITH REDUCED REVENUE IN APRIL & MAY
    * SEES NET PROFIT AFTER TAX IN FY2020 TO BE LOWER THAN THAT
IN
FY2019
    * EFFECTS OF COVID-19 WILL DAMPEN GROUP'S PROSPECTS &
CURTAIL
GROWTH FOR REMAINING PART OF CURRENT FY ENDING 31 MARCH 2021
    * AS AT THIS ANNOUNCEMENT, 30 OF GROUP'S 59 RESTAURANTS
RESUMED
OPERATIONS TO PROVIDE TAKEAWAYS AND DELIVERIES
    * STORE OPENINGS IN JAPAN AND COMMENCEMENT OF BUSINESS IS
EXPECTED
TO BE DELAYED
    * EXPECTS GROUP'S REVENUE IN FY2020 TO BE COMPARABLE TO THAT
ACHIEVED IN LAST FY ENDED 31 MARCH 2019

Source text for Eikon:  ID:nSNZb5J90n 
Further company coverage:  JPFD.SI 

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