MESC says COVID-19 measures to negatively impact revenues

20/04/2020 Argaam

 

Middle East Specialized Cables Co. (MESC) said that the government’s precautionary measures to contain the spread of the COVID-19 outbreak will have a negative impact on the revenues of the firm and its subsidiaries.

 

The company said in a statement to Tadawul that it is presently difficult to assess the financial impact of the measures, adding any developments will be disclosed in a timely manner.

 

On the private sector’s support packages, MESC said it is working closely with relevant authorities to identify the support mechanism and feasibility.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.