Wagners Holding: Down as co withdraws FY20 earnings guidance on virus fears

Wagners Holding

03/04/2020 05:52

** Shares of cement maker  WGN.AX  fall as much as 7.2% to
A$0.900
    ** Co withdraws FY20 earnings guidance as duration of
restrictions made by government to stop virus spread are
increasingly uncertain and may impact operations  urn:newsml:reuters.com:*:nFWN2BQ1GZ
    ** Says travel restriction to U.S., UK, Europe and New
Zealand also affected Wagners' international operations
    ** Due to uncertainty around COVID-19 situation, it is
currently difficult to forecast any potential impact it may have
on construction materials sector and co's operations - WGN
    ** Stock posts its biggest intraday pct loss since March 23
    ** Up to last close, stock had fallen 62.7% this year       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))