Village Roadshow Experiences Drop in Visitation Due To COVID-19

  • Mar 19, 2020 AEDT
  • Team Kalkine

Village Roadshow Limited (ASX:VRL) has provided update on COVID-19.

In the Cinema Exhibition division, major Studios have rescheduled several 2H FY20 titles.

Theme Parks division has continued to experience a drop in visitation, especially from the international tourist.

At present scenario, seeing the uncertainty surrounding COVID-19, the company is not able to predict the overall consequence for the financial results of VRL for FY2020. Hence, it is impossible to predict a meaningful guidance at this point.

At AEDT 01:10 PM, VRL shares are trading at $0.955, down 22.984%.

 

 

 

 

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