Brief: Quarto Group Sees 9% Fall In FY Revenue

Quarto

25/03/2020 08:18

March 25 (Reuters) - Quarto Group Inc  QRT.L :
    * SEES FY REVENUE OF $135.8M DOWN 9% ON PRIOR YEAR OF
$149.3M
    * BANKING FACILITIES EXTENDED IN JANUARY 2020 TO 31 JULY
2021
    * NOT POSSIBLE TO ESTIMATE FINANCIAL IMPACT OF PANDEMIC ON
GROUP
AT THIS STAGE
    * TAKING PROACTIVE MEASURES TO MITIGATE OUR OPERATIONAL RISK
AND
MANAGE OUR BUSINESS AND CASH FLOWS
    * NOT OBSERVED ANY MATERIAL IMPACT IN TRADING PERFORMANCE
DUE TO
COVID-19, BUT ORDER VOLUMES IN USA AND UK HAVE BEEN DROPPING IN
RECENT DAYS

Source text for Eikon:  ID:nRSY5163Ha 
Further company coverage:  QRT.L 

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