Saudi Ground Services expects negative financial impact of coronavirus in 2020

16/03/2020 Argaam

 

Saudi Ground Services Co. (SGS) announced that it expects its revenues as well as profits for the year 2020 to be negatively impacted after Saudi Arabia temporarily suspended all international flights for two weeks starting from March 15, 2020 in an effort to prevent the coronavirus outbreak.

 

The company said in a bourse statement on Monday that it is difficult to assess the full financial impact, adding that any further developments will be announced in due course.

 

Last Saturday, Saudi Arabia temporarily suspended all international flights for two weeks starting from Sunday, March 15, in an effort to combat the coronavirus outbreak, Argaam reported.

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