March 18, 2020 / 11:33 PM / 21 days ago

BRIEF-Adairs Ltd Withdraws FY20 Earnings Guidance

March 19 (Reuters) - Adairs Ltd:

* DECIDED NOT TO PROCEED WITH 1H FY20 INTERIM DIVIDEND OF 7.0 CENTS PER SHARE

* GIVEN ONGOING UNCERTAINTY OF DURATION & IMPACT OF COVID-19 PANDEMIC, CO CONSIDERS IT APPROPRIATE TO WITHDRAW ITS FY20 EARNINGS GUIDANCE

* OUTLOOK FOR SALES FOR Q4 HAS NOW CHANGED MATERIALLY

* ALSO IMPLEMENTING VARIOUS OPERATIONAL CHANGES NECESSARY TO MANAGE RISKS & MAINTAIN BUSINESS CONTINUITY Source text for Eikon: Further company coverage:

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