Brief: Tower Investments Says Risks Caused By Coronavirus Outbreak May Have Impact On Co's Financial Results

Tower Investments SA

17/03/2020 08:56

March 17 (Reuters) - Tower Investments SA  TOW.WA :
    * SAID ON MONDAY THAT SECTOR IN WHICH COMPANY RUNS,
ESPECIALLY
OPERATORS OF GROCERY STORES, SHOULD GENTLY UNDERGO SLOWDOWN
PERIOD AND EVEN PARTLY NOTICE INCREASE IN REVENUE DURING
CORONAVIRUS OUTBREAK
    * CURRENTLY CONDUCTED PROJECTS AIMED AT CONSTRUCTION OF
COMMERCIAL
AND SERVICE FACILITIES CAN BE AT RISK OF NOT KEEPING THE
EXECUTION DEADLINES DUE TO THE OUTBREAK  
    * GROUP OF PROJECTS AWAITING ADMINISTRATIVE PERMITS MAY BE
DELAYED
DUE TO EXPECTED STOPPAGES AT SOME OFFICES CAUSED BY THE OUTBREAK
    * RISKS MENTIONED ABOVE MAY HAVE IMPACT ON COMPANY'S
FINANCIAL
RESULTS IN THE NEXT QUARTERS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4p78MMa
    
 Further company coverage:  TOW.WA  
   


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