Brief: Vicplas International Says Singapore And Malaysia Manufacturing Facilities Are Running At Reduced Scale

Vicplas International

15/04/2020 11:31

April 15 (Reuters) - Vicplas International Ltd  VICP.SI :
    * MEDICAL DEVICES SEGMENT OPERATIONS HAVE NORMALISED,
CAUTIOUSLY
OPTIMISTIC ABOUT PERFORMANCE FOR H2
    * ADDITIONAL CIRCUIT BREAKER MEASURES INTRODUCED BY
SINGAPORE
GOVERNMENT NOT EXPECTED TO IMPACT MDS SIGNIFICANTLY
    * SINGAPORE MANUFACTURING FACILITY HAS BEEN GRANTED
PERMISSION TO
CONTINUE OPERATIONS DURING CIRCUIT BREAKER PERIOD
    * GROUP'S PIPES AND PIPE FITTINGS SEGMENT HAS BEEN AFFECTED
BY
RECENT RESTRICTIONS IN MALAYSIA AND SINGAPORE DUE TO COVID-19
    * SINGAPORE AND MALAYSIA MANUFACTURING FACILITIES ARE
RUNNING AT
REDUCED SCALE WITH SUBSTANTIALLY FEWER EMPLOYEES
    * CUSTOMERS' DEMAND FOR PIPES AND PIPE FITTINGS IN SINGAPORE
EXPECTED TO DECREASE SIGNIFICANTLY DURING CIRCUIT BREAKER PERIOD
    * DEMAND FOR PIPES AND PIPE FITTINGS IN SINGAPORE EXPECTED
TO
DECREASE SIGNIFICANTLY DURING THIS CIRCUIT BREAKER PERIOD
    * AT THIS STAGE, PIPES AND PIPE FITTINGS SEGMENT IS UNABLE
TO
DETERMINE EXTENT OF FINANCIAL IMPACT OF COVID-19

Source text for Eikon:  ID:nSN7hdNSx 
Further company coverage:  VICP.SI 

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