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BATM sees lost revenue in networking & cyber division amid slowing activity

By BFN News | 10:04 AM | Thursday 30 April, 2020


Networking solutions company BATM said it expected its networking & cyber division to experience a temporary slowdown amid Covid-19 related disruptons. The company said it anticipated some lost revenue in its networking & cyber division after some customers temporarily postponed certain projects and the group was currently unable to perform some activities due to the Covid-19 restrictions on travelling to the premise of a customer or a supplier. 'It is too early in the current financial year to determine if this will have any material impact on the networking & cyber division' the company said. But the group's primary facilities in the bio-medical division, in Israel, Italy and Hungary, had remained operational throughout this period. The company also said it had been ramping up production and sales after launching a new diagnostics kit to detect Covid-19 that underwent clinical verification and evaluation in February and received certification in March. Story provided by StockMarketWire.com

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