Brief: Scott Technology Expects FY20 Earnings To Be Materially Impacted

Scott Technology

20/04/2020 02:22

April 20 (Reuters) - Scott Technology Ltd  SCT.NZ :
    * EXPECTS FY20 EARNINGS TO BE MATERIALLY IMPACTED
    * EXECUTIVE TEAM & DIRECTORS HAVE TAKEN VOLUNTARY REDUCTIONS
IN
REMUNERATION
    * IN NEW ZEALAND, APPLIED FOR GOVERNMENT WAGE SUBSIDY &
RECEIVED
$1.6M TO SUPPORT NEW ZEALAND STAFF
    * ALL DISCRETIONARY EXPENDITURE CEASED & CAPEX PUT ON HOLD;
ENGAGING WITH LANDLORDS IN NZ & AUSTRALIA FOR RENT RELIEF

Source text for Eikon:  ID:nNZW5gDw5w 
Further company coverage:  SCT.NZ 

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