Brief: MND Group Reviews Its Main Contracts In China In View Of Coronavirus

Montagne et Neige Developpement SA

28/02/2020 18:14

Feb 28 (Reuters) - MONTAGNE ET NEIGE DEVELOPPEMENT SA
 ALMND.PA :
    * REVIEWS ITS MAIN CONTRACTS IN CHINA IN VIEW OF CORONAVIRUS
    * ITS MAIN FACTORIES IN CHINA REMAIN CLOSED
    * CAN'T SAY FOR NOW WHEN THE FACTORIES IN CHINA WILL REOPEN
    * IN 2018/19, CHINA REPRESENTED 12% OF GROUP REVENUE
    * DISCUSSIONS ARE UNDER WAY WITH CLIENTS CONCERNED TO REVIEW
SCHEDULE OF OPERATIONS IN ACCORDANCE WITH DIRECTIVES OF CHINESE
AUTHORITIES
    * WARNS OF RISK OF NON-REALISATION OF ALL OR PART OF BALANCE
OF
CERTAIN CONTRACTS CONCLUDED BY GROUP IN RECENT YEARS IN CHINA
    * TO REPORT ON UPDATED ORDER BOOK OF THE SITUATION INCLUDING
NEW
ORDERS TAKEN IN RECENT MONTHS FOR H1 2019/20 RESULTS


Source text: https://bit.ly/38ausyx
Further company coverage:  ALMND.PA 

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