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News: PRT Prime Media Group Withdraws Full-Year Earnings Guidance For 2020

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    19/03/20
    21:30
    Post #: 43593247

    March 19 (Reuters) - Prime Media Group Ltd (PRT) :

    • NOT IN A POSITION TO PROVIDE EARNINGS OUTLOOK AT THIS TIME AND ACCORDINGLY IS WITHDRAWING ITS FULL-YEAR EARNINGS GUIDANCE FOR 2020
    • IMPACTS EXPECTED TO BE FELT AS A CONSEQUENCE OF UNCERTAINTY IN RELATION TO AVAILABILITY OF BROADCAST CONTENT IN COMING PERIOD
    • SEEING WEAKNESSES IN RETAIL, PARTICULARLY FOR SMALL SME AND SOLE TRADERS
    • TRADING CONDITIONS IN REGIONAL ADVERTISING MARKETS HAVE SOFTENED CONSIDERABLY DUE TO IMPACT OF COVID-19
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