Creative Eye faces adverse impact on revenues and profitability due to Covid-19

The company shall continue to monitor any material changes to future economic, business and financial condition on continuing basis and its impact on business.

Jun 29, 2020 11:06 IST India Infoline News Service

Creative Eye Limited informed the exchanges Saturday that with respect to the business operations of the company, it has impacted its business by way of complete interruption due to lockdown and other emergency measures. The revenue and profitability of the company are likely to be adversely impacted and will be under pressure due to unprecedented Covid-19.

“At present the impact assessment of Covid-19 is a continuing process given the uncertainties associated with its nature, event and duration. The company shall continue to monitor any material changes to future economic, business and financial condition on continuing basis and its impact on business, if any, and shall take all possible measures to protect the interests of the company and its stakeholders,” company said.

It further said that Covid-19 (Coronavirus) unprecedented pandemic has caused serious disruption on the economic and business around the globe. This has resulted in significant reduction in financial and business activities worldwide including India. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage.

The company is taking various measures to ensure the safety and well- being of all employees and is ensuring compliance with the directives issued by the Central Government, State Governments and local administration from time to time.

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