CTM Suspends FY20 Earnings Guidance

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CTM Suspends FY20 Earnings Guidance

Corporate Travel Management (ASX:CTD) has suspended its FY20 guidance due to increased uncertainty surrounding the duration and severity of Covid-19.
• The company has revoked its earlier guidance which was provided on 19 February 2020 as the impact currently being experienced is more severe than previous assumptions;
• The significant uncertainty makes it difficult to reliably predict future activity due to which it has suspended FY20 guidance.
At AEDT 01:12PM, the CTD stock was trading at $8.180 per share, down by 4.884 % from its previous close.

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