Cardno withdraws FY2020 Earnings Guidance due to COVID-19 Uncertainty

Cardno Limited (ASX: CDD) announced that it is withdrawing its earnings guidance due to the extent of uncertainty resulting from coronavirus. The company’s trading result remained consistent after 8.5 months with the earnings guidance that was provided earlier.

However, as the client sites, client staff along with its staff are either self-isolate or are quarantined around the world, the company expects a possible delay the project delivery in the short to medium term.

Other than this, various businesses of the company as positioned well to support client as communities and societies ultimately exit the COVID-19 challenges.

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