News: SDA Speedcast International Says Impacts Of Covid-19 Pandemic To Negatively Effect Future...

March 30 (Reuters) - Speedcast International Ltd (SDA) :

• IMPACTS OF COVID-19 PANDEMIC EXPECTED TO HAVE A NEGATIVE EFFECT ON GROUP'S FUTURE EARNINGS
• FY REVENUE FROM ORDINARY ACTIVITIES US$722.3 MILLION VERSUS US$611.9 MILLION
• FY LOSS AFTER TAX ATTRIBUTABLE US$459.9 MILLION VERSUS LOSS OF US$6.9 MILLION
• CURRENTLY NEGOTIATING TERMS OF A FORBEARANCE AGREEMENT WITH EXISTING LENDERS
• GROUP MAY INCUR FURTHER IMPAIRMENTS TO CARRYING VALUES OF ASSETS
• WITHOUT LIQUIDITY & RECAPITALISATION RESOLUTION, THERE EXISTS UNCERTAINTY IF GROUP CAN CONTINUE AS GOING CONCERN