Brief: SunLink Health Systems Q3 Revenue $12.67 Million

Sunlink Health Systems

14/05/2020 23:10

May 14 (Reuters) - SunLink Health Systems Inc  SSY.A :
    * SUNLINK HEALTH SYSTEMS, INC. ANNOUNCES FISCAL 2020 THIRD
QUARTER
RESULTS AND COVID-19 UPDATE
    * Q3 LOSS PER SHARE $0.01 FROM CONTINUING OPERATIONS
    * Q3 REVENUE $12.67 MILLION
    * UNABLE TO DETERMINE EXTENT TO WHICH COVID-19 PANDEMIC WILL
CONTINUE TO AFFECT ITS ASSETS
    * SINCE BEGINNING OF COVID-19 PANDEMIC, PHARMACY BUSINESS
HAS
EXPERIENCED NEGATIVE SALES TRENDS
    * SUNLINK HEALTH SYSTEMS - SINCE BEGINNING OF COVID-19
PANDEMIC,
PHARMACY BUSINESS EXPERIENCED INCREASED COSTS AND REDUCED STAFF
    * SUNLINK HEALTH - UNTIL REFERRAL SOURCES ARE FULLY-STAFFED,
BELIEVE COVID-19 WILL CONTINUE TO AFFECT DEMAND FOR DME
PRODUCTS, PHARMACY DRUGS & PRODUCTS
    * REDUCTIONS IN EMPLOYEE HOURS HAVE BEEN MADE IN RESPONSE TO
LOWER
DEMAND
    * DEMAND FOR INSTITUTIONAL PHARMACY SERVICES HAS BEEN LESS
AFFECTED TO DATE
    * IMPACT OF COVID-19 PANDEMIC HAS NEGATIVELY AFFECTED SUPPLY
PROCESSES
    * EFFECT OF COVID-19 AND PUBLIC AND GOVERNMENTAL RESPONSES
TO IT
NEGATIVELY AFFECTED Q3 RESULTS
    * IN HEALTHCARE BUSINESSES, HAVE EXPERIENCED MATERIAL
REDUCTIONS
IN DEMAND DUE TO COVID-19 OUTBREAK
    * SUNLINK HEALTH - IF COVID-19 PANDEMIC CONTINUES FOR
EXTENDED
PERIOD, EXPECT TO EXPERIENCE SIGNIFICANT LOSSES, ADDITIONAL
FINANCIAL ASSISTANCE WILL LIKELY BE REQUIRED
    * UNABLE TO DETERMINE EXTENT TO WHICH COVID-19 PANDEMIC WILL
CONTINUE TO AFFECT CO'S ASSETS

Source text for Eikon:  ID:nBw9m1z71a 
Further company coverage:  SSY.A 

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