March 24, 2020 / 10:33 AM / 6 days ago

BRIEF-Guoco Says GL Group Expects COVID-19 To Hit FY Results

March 24 (Reuters) - Guoco Group Ltd:

* GL GROUP EXPECTS THAT ITS FINANCIAL RESULTS FOR FULL FINANCIAL YEAR ENDING 30 JUNE 2020 WILL BE SIGNIFICANTLY AND ADVERSELY IMPACTED

* SPREAD OF COVID-19 TO CONTINENTAL EUROPE & UK SIGNIFICANTLY REDUCED BOOKINGS, INCREASED CANCELLATIONS IN HOTELS OF UNIT GLH

* COVID-19 MITIGATION PLANS INCLUDE TEMPORARILY DEFERRING CAPITAL PROJECTS WHICH ARE NOT BUSINESS-CRITICAL Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below