Brief: I Synergy Says Cancelling All Its Signature Events Until Covid-19 Issue Has Totally Subsided

I Synergy

26/03/2020 09:47

March 26 (Reuters) - I Synergy Group Ltd  IS3.AX :
    * CANCELLING ALL ITS SIGNATURE EVENTS UNTIL COVID-19 ISSUE
HAS
TOTALLY SUBSIDED
    * PREDICTING REDUCTIONS IN SALES ORDERS TO FLOW THROUGH AND
POTENTIALLY IMPACT REVENUE IN COMING MONTHS
    * FOR FIRST TWO MONTHS OF 2020, WRITTEN NEW AFFILIATE SALES
ORDERS
GROWTH WAS ABOUT 50%
    * BELIEVES THAT IT IS DIFFICULT TO PROVIDE GUIDANCE FOR FY20
    * CURRENTLY EVALUATING ITS OPERATING COST BASE AND WILL TAKE
APPROPRIATE MEASURES TO REDUCE EXPENDITURE AS AN IMMEDIATE
PRIORITY
    * SAYS PERFORMANCE OF AFFILIATE MARKETING PLATFORM IS
IMPROVING
AND ONLINE SALES CONTINUE TO GROW

Source text: bit.ly/2y7OWvr
Further company coverage:  IS3.AX 

 ((Reuters.Briefs@thomsonreuters.com;))