Brief: Parkson Retail Asia Updates On Business Operations In View Of Covid-19

Parkson Retail Asia

20/03/2020 12:16

March 20 (Reuters) - Parkson Retail Asia Ltd  PRAL.SI :
    * UPDATE ON BUSINESS OPERATIONS IN VIEW OF COVID-19
    * GROUP CURRENTLY IS UNABLE TO QUANTIFY NOR DETERMINE EXTENT
OF
IMPACT OF ORDER AND COVID-19 ON EPS FOR FY ENDING 30 JUNE 2020
    * OPERATIONS IN INDONESIA AND VIETNAM HAVE BEEN IMPACTED
FROM
EFFECTS OF COVID-19
    * GROUP HAD BEEN UNDERTAKING VARIOUS COST-CONTAINMENT
MEASURES
    * COVID-19 WILL HAVE A SIGNIFICANT ADVERSE IMPACT ON
OPERATIONS
AND EARNINGS FOR FY
    * REASONABLY ANTICIPATED THAT THESE OPERATIONS IN INDONESIA
AND
VIETNAM MAY ALSO BE AFFECTED IN NEAR FUTURE
    * COST-CONTAINMENT MEASURES SUCH AS CLOSURE OF
NON-PERFORMING
STORES, STREAMLINING OF EXCESS HEADCOUNT, START OF RENT
NEGOTIATIONS

Source text for Eikon:  ID:nSNVZDvr 
Further company coverage:  PRAL.SI 

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