Edition:
India

Barloworld Says Impact On Businesses From Virus Remains Uncertain At This Stage


Monday, 30 Mar 2020 

March 30 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - PRE-CLOSE VOLUNTARY OPERATIONAL UPDATE FOR THE FIVE MONTHS TO 29 FEBRUARY 2020.BARLOWORLD LTD - CHALLENGING TRADING ENVIRONMENT FOR FIRST FIVE MONTHS.BARLOWORLD - REVIEWED CURRENT BANKING FACILITIES, MODELLED LIQUIDITY POSITION OVER NEXT 18 MONTHS AND HAS MORE THAN ADEQUATE HEADROOM.BARLOWORLD LTD - CHALLENGING TRADING CONDITIONS ARE EXPECTED TO INTENSIFY IN SECOND SIX MONTHS OF 2020 FINANCIAL YEAR.BARLOWORLD LTD - IMPACT ON BUSINESSES FROM VIRUS REMAINS UNCERTAIN AT THIS STAGE.BARLOWORLD - IN 5 MONTHS TO 29 FEB, GROUP'S REVENUE WAS DOWN ON COMPARABLE PERIOD IN PRIOR YEAR.BARLOWORLD LTD - FOR FIVE MONTHS TO 29 FEB, OPERATING PROFIT WAS ALSO DOWN.BARLOWORLD - UNABLE MEET CERTAIN CLOSING UNDERTAKINGS FOR WAGNER ASIA EQUIPMENT MONGOLIA DEAL, TRANSACTION EXPECTED TO BE DELAYED.