Estia Health (ASX:EHE) suspends FY20 guidance

Company News

by Rachael Jones

Estia Health (ASX:EHE) has today suspended its 2020 fiscal year (FY20) guidance following heightened uncertainty surrounding the potential future impact of coronavirus (COVID-19).

At this time, none of the Company’s homes has experienced cases of Covid-19 among our residents or employees nor been materially impacted.

As at 15th March 2020 the Company’s occupancy within its mature home portfolio was 93.8 per cent.

They say given the dynamic and uncertain nature of this situation, it is not possible to provide meaningful guidance at this time on the size of the projected impact on earnings for the remainder of FY20.

Shares in Estia Health (ASX:EHE) closed -10.18 per cent lower at $1.28 yesterday.





 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.