HIL hills limited
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News: HIL Hills Ltd Says It Is Withdrawing Earnings Guidance For FY20

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    19/03/20
    09:35
    Post #: 43575142

    March 19 (Reuters) - Hills Ltd (HIL) :

    • IT IS WITHDRAWING EARNINGS GUIDANCE FOR FY20
    • CONSIDERED LIKELY THAT COVID-19 WILL AFFECT CUSTOMER DEMAND FOR SOME HILLS PRODUCTS AND SERVICES
    • UNCERTAINTY CREATED BY COVID-19 MAKES IT DIFFICULT TO MAKE ACCURATE FORECASTS
    • HILLS WILL CONTINUE TO MONITOR CASHFLOWS AND FURTHER REDUCE OPERATING EXPENSES
    • PATIENT ENGAGEMENT BUSINESS SHOULD BE LESS IMPACTED BY COVID-19 &EXPECT CONTINUED REVENUES FROM THIS BUSINESS DURING PERIOD OF UNCERTAINTY
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