Brief: Supply Network Withdraws Revenue & Profit Guidance Provided On 24th Jan

Supply Network

25/03/2020 04:34

March 25 (Reuters) - Supply Network Ltd  SNL.AX :
    * BOARD HAS DECIDED TO WITHDRAW REVENUE AND PROFIT GUIDANCE
PROVIDED ON 24TH JANUARY 2020
    * TO DEFER PAYMENT OF INTERIM DIVIDEND OF 6.5 CENTS FULLY
FRANKED
THAT WAS DUE TO BE PAID ON 2ND APRIL UNTIL 2ND OCTOBER
    * HOLD NORMAL LEVELS OF STOCK; EXPECT POTENTIAL
INTERRUPTIONS TO
SUPPLY CHAIN FROM OVERSEAS FACTORY CLOSURES TO BE SHORT TERM&
IMMATERIAL
    * OPERATIONS CLASSIFIED ESSENTIAL SERVICE SO ALL MULTISPARES
BRANCHES TO REMAIN OPEN, ALBEIT WITH SIGNIFICANTLY REDUCED
STAFFING

Source text for Eikon:  ID:nASXbcwPSv 
Further company coverage:  SNL.AX 

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