StockMarketWire.com - Aviation service provider Gama Aviation said guidance remains suspended as the impact from Covid-19 pandemic remained uncertain.

'Given the continuing operational and financial uncertainties resulting from the COVID-19 pandemic the group's financial guidance for the year ending 31st December 2020 remains suspended,' the company said.

The company flagged additional costs of between $1.0m to $1.5m arising from 'trading related audit adjustments and further management reviews,' as it continued with its audit.

The company also said it would make further provisions between $2.5m and $3.0m for accounts receivable and $1.0m for inventory, given the 'significant increase in economic uncertainty globally.'

Gama Aviation re-confirmed its intention to publish its 2019 annual audited accounts before the end of July 2020.


At 10:12am: [LON:GAMA] Gamma Communications PLC share price was 0p at 1265p



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