20th Mar 2020 14:22
(Alliance News) - Christie Group PLC on Friday warned that coronavirus is hurting some areas of its business.
The financial services provider said it expects its 2019 results to be in line with expectations, as this benefited from the profitable sale of an office building.
However, Christie noted that its business - which operates in the hospitality, retail, medical and educational fields - has since taken a hit from the Covid-19. This is primarily as a result of having limited access to certain of its clients' premises.
"It is not currently possible to quantify the full effect of Covid-19 related disruption on our business for 2020 or beyond," said Christie in its statement Friday.
Looking ahead, Christie said it has good technology and communications to operate away from its physical bases.
"We intend to avail ourselves of all relevant government assistance available to us," Christie said. "We remain structured to resume our normal level of operations when conditions allow."
AIM-listed Christie shares were trading 0.6% lower in London on Friday at 81.00 pence each.
By Evelina Grecenko; [email protected]
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