Perenti (ASX:PRN) sees no impact on financials from COVID-19 so far

Company News

by Rachael Jones

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Last Updated: 30/03/2020 3:28 PM

Perenti (ASX:PRN) reports that to date COVID-19 has had no impact on Perenti’s financial performance.

However, given the ongoing spread of the virus, the speed at which matters are developing, and the significant preventative measures being undertaken globally, there is significant uncertainty as to the potential impact on Perenti’s operations during the balance of the 2020 financial year.

As a result, the Company is not in a position at this time to provide earnings guidance and withdrawsits FY20 guidance of $115-$120 million underlying NPAT(A)

Shares in Perenti (ASX:PRN) are trading 1.04 per cent lower at 48 cents.
 

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.