Vassiliko Cement Works Public Company Ltd announces that, following consideration of the recent developments and measures taken by the authorities of Cyprus and other countries, to contain the pandemic of Coronavirus (COVID-19), it expects to have a slowdown in both its exports and local sales. As a result, the Company’s financial results for the first six months of the current year are expected to be affected negatively.
Any impact on the Company’s financial results for the second half of 2020 is not possible to be assessed at this juncture.
Vassiliko Cement Works Public Company Ltd is following all the protective measures, as these have been announced by the Government and Cyprus Employers and Industrialists Federation, to prevent the spread of Coronavirus, for the preservation of public health, as well as for the protection of its employees.
In addition to the above, the Company is taking additional measures to mitigate further any negative effects on its financial results.
12 March 2020