News: RDF Redflex Holdings Withdraws All Financial Guidance Relating To H2 2020

March 30 (Reuters) - Redflex Holdings Ltd (RDF) :

• WITHDRAWING ALL FINANCIAL GUIDANCE RELATING TO H2 FY 2020
• ANTICIPATE REVENUES FROM VOLUME-BASED CONTRACTS WILL BE IMPACTED BROADLY IN LINE WITH REDUCTION IN TRAFFIC VOLUMES
• COVID-19 IS CAUSING REDUCTIONS OR DELAYS TO ROLLOUT OF NEW PROGRAMS IN NORTH AMERICA WHICH MAY ADVERSELY IMPACT CO'S REVENUE
• CONTINUES DESIGN WORK TO COMMENCE OPERATIONS FOR RAIL CROSSING AND DEDICATED BUS LANE ENFORCEMENT IN LOS ANGELES
• IMPLEMENTED COST SAVING INITIATIVES INCLUDING REDUCTION IN SALARIES, REDUCED HOURS FOR MOST STAFF