Brief: Truscreen Says Covid-19 Slows Device Rollout In China

Truscreen

08/04/2020 21:37

April 9 (Reuters) - Truscreen Ltd  TRU.NZ :
    * COVID-19 SLOWS DEVICE ROLLOUT IN CHINA
    * LIMITED CURRENT DISRUPTION TO AUSTRALIAN OPERATIONS
    * ALL KEY PROJECTS PUT ON HOLD IN Q1 2020 DUE TO TRAVEL
RESTRICTIONS AND LIMITED AVAILABILITY AT IN-PATIENT CLINICS IN
CHINA
    * OPERATIONS IN RUSSIA HAVE BEEN DEVELOPING IN LINE WITH
PLANS, 
ALL MAJOR PROJECTS WERE PUT ON HOLD
    * FROM APRIL 1, BOARD REDUCED TO 4 DIRECTORS AND MEDICAL
ADVISORY
COMMITTEE TO 2 MEMBERS
    * TO PRESERVE CASH DIRECTORS HAVE ELECTED TO RECEIVE THEIR
DIRECTORS' FEES, FROM APRIL 1, IN SHARES IN CO
    * IMPACT OF COVID-19 HAS RESULTED IN DECLINE IN PRODUCT
REVENUE
THIS YEAR TO ABOUT NZ$1.38 MILLION
    * OPERATIONAL LOSS AFTER TAX IS FORECAST TO REDUCE TO ABOUT
NZ$2.5MLN FOR FY ENDED 31 MARCH 2020

Source text for Eikon:  ID:nNZW7MVVK4 
Further company coverage:  TRU.NZ 

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