Brief: KG Efekt Suspends Hospitality Services Amid Covid-19 Epidemic

Korporacja Gospodarcza Efekt SA

18/03/2020 06:55

March 18 (Reuters) - Korporacja Gospodarcza Efekt SA
 EFK.WA :
    * SAID ON TUESDAY THAT DUE TO DECLARATION OF NATIONAL
EMERGENCY
CONCERNING THE COVID-19 OUTBREAK THE COMPANY'S UNITS LIDER-HOTEL
AND EFEKT-HOTELE HAD TO TEMPORARILY SUSPEND HOSPITALITY,
RESTAURANT AND SPA SERVICES PROVIDED IN HOTELS IN CRACOW
    * THE ABOVE WILL IMPACT THE UNITS' REVENUES AND, AS A
RESULT, THE
WHOLE GROUP'S FINANCIAL RESULT 
    * AT THIS TIME THE COMPANY IS UNABLE TO ESTIMATE THE IMPACT
THE
PANDEMIC WILL HAVE ON THE GROUP'S ECONOMIC SITUATION AND RESULTS
    * ALSO SAID THE UNITS HAVE ALREADY STARTED TALKS WITH THEIR
MOST
IMPORTANT CONTRACTORS AIMING AT THE CONCLUSION OF RELEVANT DEALS
TO ADAPT THE CONDUCTED BUSINESS ACTIVITIES TO THE POSSIBLE
ECONOMIC REALITIES IN A WAY THAT THE GROUP'S LEGITIMATE
INTERESTS ARE PROTECTED    

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3JPbhya
    
 Further company coverage:  EFK.WA  
   


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