March 13 (Reuters) - Corporate Travel Management Ltd (CTD) :
- CTM SUSPENDS FY20 EARNINGS GUIDANCE
- SUSPENDED GUIDANCE FOR FY20 DUE TO INCREASED UNCERTAINTY SURROUNDING DURATION AND SEVERITY OF COVID-19
- IMPACT OF COVID-19 CURRENTLY BEING EXPERIENCED IS MORE SEVERE THAN OUR PREVIOUS ASSUMPTIONS
- NON-EXEC DIRECTORS & MANAGING DIRECTOR WILL TAKE 20% REDUCTION IN FEES & FIXED REMUNERATION RESPECTIVELY FOR REMAINDER FY
- FREEZE ON ALL NON-ESSENTIAL RECRUITMENT
- REDUCTION OF ALL DISCRETIONARY EXPENDITURE AND DELAYING NON-CLIENT FACING PROJECT WORK
News: CTD Corporate Travel Management Suspends FY20 Earnings Guidance
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