ATN and Blue Chip less affected by Covid-19 threat

ATN International Limited and Blue Chip India Limited informed the exchanges Tuesday that in view of the disrupted economic activities, the profitability during the current year may be affected, however, at this point of time the same cannot be ascertained accurately.

Liquidity positions are maintained by both the companies and have adequate capital to meet business requirements.

Due to lockdown announced by the Central Government on all Indian basis from March 25, 2020, the offices of both the companies were closed from such date till May 31, 2020. With gradual relaxations being given by the Central Government and further relaxations in unlock 1.0, the offices have been resuming working from June 1, 2020 on a gradual basis.

During the lockdown period the companies implemented Work From Home policy for all the administrative staffs and was quite successful in implementing the same.

Currently the offices have been opened up and are operating with all safety norms and reduced manpower. The revenue of the companies have impacted whereas the companies continued incurring its fixed expenses.