BYI beyond international limited
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News: BYI Beyond International Exits Home Entertainment Business

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    31/07/20
    23:25
    Post #: 46231544

    July 31 (Reuters) - Beyond International Ltd (BYI) :

    • BEYOND INTERNATIONAL EXITS HOME ENTERTAINMENT BUSINESS
    • EXPECTED THAT RESULT FOR FULL YEAR WILL BE MATERIALLY BELOW THAT OF 2019 FY
    • COVID-19 HAS IMPACTED TRADING IN SECOND HALF OF 2020
    • TO EXIT PHYSICAL MEDIA HOME ENTERTAINMENT (DVD) SECTOR AND ACCORDINGLY BEYOND HOME ENTERTAINMENT HAS OUTSOURCED ITS TRADING OPERATIONS
    • BEYOND MANAGEMENT ARE ALSO ASSESSING CARRYING VALUE OF VARIOUS ASSETS
    • EXPECT THAT THERE WILL BE NON-CASH IMPAIRMENTS RELATING TO GOODWILL, CAPITALISED PRODUCTION COSTS AND DISTRIBUTION ADVANCES
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