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RAI - RA International News Story

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Last Trade - 11:57am

Sector
Industrials
Size
Small Cap
Market Cap £79.2m
Enterprise Value £65.0m
Revenue £52.8m
Position in Universe 1004th / 1814

BRIEF-RA International Says Certain Projects Forecast To Commence In H2 2020 Will Now Take Place During 2021

Wed 1st April, 2020 12:26pm
April 1 (Reuters) - RA International Group PLC  RAI.L :
    * COVID-19 UPDATE
    * RA INTERNATIONAL HAS BEEN ASSESSING POTENTIAL EFFECTS
PANDEMIC
MAY HAVE ON ITS BUSINESS
    * UP UNTIL VERY RECENTLY IMPACT WAS LIMITED TO POTENTIAL
SUPPLY
CHAIN DISRUPTIONS
    * COMPANY'S PRIMARY OPERATING ENVIRONMENT, IMPACT OF
COVID-19 IS
HAVING ON OUR OPERATIONS IS INCREASING.
    * ANTICIPATE THAT A NUMBER OF PROJECTS WILL BE DELAYED
    * LIAISING WITH CLIENTS WHO, AS WITH CONSTRUCTION CONTRACTS,
HAVE
REQUESTED WE LIMIT NUMBER OF STAFF WORKING AT THEIR FACILITIES
    * , CERTAIN PROJECTS FORECAST TO COMMENCE IN H2 2020 WILL
NOW TAKE
PLACE DURING 2021.
    * THERE IS POTENTIAL FOR A MATERIAL EFFECT ON OUR FY20
FINANCIAL
RESULTS AS A RESULT OF CURRENT SITUATION
    * DO NOT BELIEVE THAT COVID-19 WILL NECESSARILY RESULT IN
CANCELLATION OF CONTRACTED PROJECT ACTIVITY

Source text for Eikon:  ID:nRSA4014Ia 
Further company coverage:  RAI.L 

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