I'm somewhat dissapointed with the content of the announcement. Positives: Management are adjusting the business and the corresponding remuneration costs to meet revenue expectations. Negatives: Business activity is actually negative.
I was kind of expecting something about preparing the business for the re-boot of elective surgeries, and an update on the uptick in volumes for the consumables side of the business.
At least management is communicating to shareholders I suppose. Although this statement worries me.. "The Company will continue to update the market as and when reliableinformation is available."It does beg the question about their internal financial reporting capabilities. A reflection of their ERP System issues perhaps.....
Ann: Update on Business Impacts of COVID-19, page-3
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