Brief: Megachem Updates On Business Impact Due To Covid-19

MegaChem

13/04/2020 11:42

April 13 (Reuters) - MegaChem Ltd  MEGA.SI :
    * UPDATES ON BUSINESS IMPACT DUE TO COVID-19
    * WHILE BUSINESS IN CHINA WAS SIGNIFICANTLY IMPACTED IN Q1
FY20,
OTHER MARKET SEGMENTS DID NOT EXPERIENCE MAJOR IMPACT
    * FORESEE WIDER & DEEPER IMPACT ON OUR BUSINESS IN Q2 OF FY
2020
DUE TO COVID-19
    * FORESEE WIDER & DEEPER IMPACT ON BUSINESS IN Q2 FY2020 OR
EVEN
FOR A LONGER PERIOD OF TIME DEPENDING ON HOW LONG COVID-19
PANDEMIC PROLONGS
    * MINISTRY OF TRADE AND INDUSTRY WRITTEN GAVE APPROVAL FOR
US TO
CONTINUE OPERATIONS FROM 7 APRIL TO 4 MAY 2020
    * FOR CUSTOMERS WHO OPERATES IN INDUSTRIES WHICH ARE
CLASSIFIED AS
NON-ESSENTIAL, OUR BUSINESS TO THESE CUSTOMERS HAVE BEEN
AFFECTED

Source text for Eikon:  urn:newsml:reuters.com:*:nSNc891Bs
Further company coverage:  MEGA.SI 

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