News: TGO Trimantium Growthops Sees Covid-19 Impact To Lead To Net Reduction In Revenue In Q4

April 22 (Reuters) - Trimantium Growthops Ltd (TGO) :

• MADE TEMPORARY REDUCTIONS AT ALL LEVELS IN BUSINESS, IN EMPLOYEE REMUNERATION & WORKING HOURS
• BUSINESS REVENUES FOR QUARTER IMPACTED AS A RESULT OF DELAYS IN PROJECTS
• SEES COVID-19 IMPACT TO LEAD TO NET REDUCTION IN REVENUE IN Q4
• REDUCTION IN GROWTHOPS' Q4 REVENUE WILL BE PARTIALLY OFFSET BY TEMPORARY REDUCTIONS IN EMPLOYEE COSTS FROM APRIL 2020
• FURTHER IMPAIRMENT OF INTANGIBLES MAY BE REQUIRED FOR FY TO 30 JUNE 2020
• CO'S COACHING & LEADERSHIP BUSINESS, IECL, AFFECTED BY CANCELLATION AND/OR DEFERRAL OF COACHING & LEADERSHIP PROGRAMS