May 21, 2020 / 3:38 AM / 14 days ago

BRIEF-PAL Holdings Says It Will Still Operate On Going Concern Basis

May 21 (Reuters) - PAL Holdings Inc:

* PAL HOLDINGS- CLARIFIES CO WILL STILL OPERATE ON GOING CONCERN BASIS GIVEN THAT CRISIS MANAGEMENT TEAM ACTING TO MITIGATE COVID-19 IMPACT

* PAL-INCREASE IN TOTAL LIABILITIES FROM 188.51 MILLION PESOS AS OF DEC 31, 2018 TO 312.93 MILLION PESOS MAINLY DUE TO ADOPTION OF NEW LEASE STANDARD PFRS 16 Source text reut.rs/2Tp9Wpn Further company coverage:

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