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
