News: AMT Allegra Orthopaedics Says Covid-19 To Negatively Impact Performance For FY2020

March 26 (Reuters) - Allegra Orthopaedics Ltd (AMT) :

• RISE OF COVID-19 PANDEMIC IN AUSTRALIA WILL HAVE A DIRECT & NEGATIVE IMPACT ON ALLEGRA'S FINANCIAL PERFORMANCE FOR FY2020
• ALLEGRA'S REVENUES GENERATED FROM ITS ORTHOPAEDIC DIVISION WILL BE MATERIALLY AND NEGATIVELY IMPACTED
• UNABLE TO ESTIMATE VALUE OF COVID-19 IMPACT
• BELIEVES WILL RECOVER BACK TO NORMAL OPERATING CONDITIONS AS PANDEMIC COMES UNDER CONTROL
• TOOK MEASURES LIKE SALARY REDUCTIONS OF SENIOR STAFF, REDUCE STAFF WORK HOURS &STANDING DOWN STAFF UNTIL SITUATION UNDER CONTROL