Brief: Pan Asian Holdings Sees Net Loss For H1

Sevens Atelier

07/08/2020 09:29

Aug 7 (Reuters) - Pan Asian Holdings Ltd  PANA.SI :
    * EXPECTED TO REPORT A NET LOSS FOR 1HFY2020
    * EXPECTED NET LOSS MAINLY ATTRIBUTABLE TO SIGNIFICANT
IMPACT OF
COVID-19
    * IN H1, SAW DELAYS FROM ITS SUPPLIERS IN ASIA AND EUROPE TO
DELIVER ITS CURRENT ORDER BOOK
    * PAN ASIAN HOLDINGS SEES POSSIBILITY OF BAD DEBT
RECOGNITION ON
TRADE RECEIVABLES, ALLOWANCES FOR IMPAIRMENT DUE TO COVID-19
SITUATION IN H1

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ9VyTX3
Further company coverage:  PANA.SI 

 (Reuters.Briefs@thomsonreuters.com)