AMT allegra medical technologies limited
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March 26 (Reuters) - Allegra Orthopaedics Ltd (AMT) : RISE OF...

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    26/03/20
    16:00
    Post #: 43715320

    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
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