MFD mayfield childcare limited
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News: MFD Mayfield Childcare Withdraws 2020 Earnings Forecast

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    23/03/20
    20:10
    Post #: 43655158

    March 23 (Reuters) - Mayfield Childcare Ltd (MFD) :

    • CONSIDERS IT APPROPRIATE TO WITHDRAW ITS CY 2020 EARNINGS GUIDANCE
    • TO DATE, MAYFIELD HAS NOT EXPERIENCED ANY SIGNIFICANT FINANCIAL IMPACT AS A RESULT OF COVID-19 (CORONAVIRUS) PANDEMIC
    • DECIDED TO DEFER PAYMENT OF SHAREHOLDER DIVIDEND ANNOUNCED ON 31 JANUARY 2020, FROM 27 MARCH 2020 TO 25 SEPTEMBER 2020
    • IF COVID-19 PANDEMIC DURATION IS SHORTER THAN EXPECTED, WILL CONSIDER BRINGING FORWARD PAYMENT OF CY 2019 DIVIDEND
    • OCCUPANCY UP 0.5% ON A LIKE-FOR- LIKE BASIS FOR FIRST 12 TWELVE WEEKS OF YEAR, ACROSS CO'S 21 CENTRES
    • FOR FIRST 12 TWELVE WEEKS OF YEAR, REVENUE WAS $5.6 MILLION (UP 8.6%), EBIT WAS $0.5 MILLION (UP 11.4%)
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