March 24, 2020 / 10:18 AM / 17 days ago

BRIEF-Mulpha International Updates On Business Operations In View Of COVID-19

March 24 (Reuters) - Mulpha International Bhd:

* REVENUE AND EARNINGS ACROSS HOTEL AND EDUCATION ASSETS WILL BE MATERIALLY IMPACTED FROM MID-MARCH 2020

* IMPACT EXPECTED TO BE MOST SEVERE IN HOTEL ASSETS AND CLOSURE MAY BE NECESSARY WHILE RESTRICTIONS REMAIN IN PLACE

* EXPECT THAT SALES ENQUIRY WILL REDUCE OVER THE COMING WEEKS DUE TO FURTHER GOVERNMENT RESTRICTIONS

* IN RELATION TO EDUCATION OPERATIONS, WE ANTICIPATE THAT EARNINGS FOR THE FIRST SCHOOL TERM WILL NOT BE MATERIALLY IMPACTED

* AT THIS STAGE REAL ESTATE OPERATIONS HAVE NOT BEEN MATERIALLY IMPACTED BY COVID-19 PANDEMIC

* UPDATES ON IMPACT ON CO'S OPERATIONS IN LIGHT OF OUTBREAK OF CORONAVIRUS Source text bit.ly/2y5ovGR Further company coverage:

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