April 30, 2020 / 10:26 AM / a month ago

BRIEF-Beam Communications Implemented Business-Wide Salary Reduction Of 20% For Estimated 6 Months

April 30 (Reuters) - Beam Communications Holdings Ltd :

* IMPLEMENTED BUSINESS-WIDE SALARY REDUCTION OF 20% FOR ESTIMATED 6-MONTH PERIOD STARTING IN MAY

* ANTICIPATED GROSS REVENUES IN Q4FY20 WILL BE MATERIALLY IMPACTED AMID COVID-19

* TOTAL PAYMENTS TO NON-EXECUTIVE DIRECTORS WILL BE REDUCED BY OVER 70%

* SUPPLY CHAIN REMAINS LARGELY UNAFFECTED TO DATE

* MOVED TO CURB OPERATING EXPENSES IN OTHER AREAS, SUCH AS ADVERTISING & MARKETING & NON-CORE DEVELOPMENT WORK Source text for Eikon: Further company coverage:

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