Brief: Sapphire Corp Says Cautiously Optimistic On Return To Profitability In Q2 2020

Sapphire

22/05/2020 10:35

May 22 (Reuters) - Sapphire Corporation Ltd  SAPP.SI :
    * 1Q REVENUE FELL BY 34.1% TO RMB 195.6 MILLION
    * ALL CONSTRUCTION OPERATIONS & ACTIVITIES OF GROUP HAVE
RESUMED
    * 1Q LOSS ATTRIBUTABLE RMB 14.5 MILLION VERSUS PROFIT OF RMB
3.4
MILLION
    * THERE ARE NO FORESEEABLE SIGNIFICANT RISKS TO GROUP'S
ABILITY TO
OPERATE AS A GOING CONCERN
    * GROUP EXPECTS COVID-19 OUTBREAK TO IMPACT ON GROUP
FINANCIAL
RESULTS FOR 1H2020
    * GROUP HAS RESUMED FULL OPERATIONS IN 2Q AND IS CAUTIOUSLY
OPTIMISTIC THAT IT CAN RETURN TO PROFITABILITY IN 2Q2020

Source text for Eikon:  ID:nSNZ5DDJST 
Further company coverage:  SAPP.SI 

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