March 25 (Reuters) - dorsaVi Ltd DVL.AX :
* ALL STAFF HAVE AGREED TO REDUCE THEIR WORKING HOURS BY (ABOUT) 30% COMMENCING IMMEDIATELY
* ANTICIPATED THAT THERE WILL BE AN IMPACT TO NEW SALES AS A RESULT OF COVID-19
* EXTENT OF IMPACT OF COVID-19 ON COMPANY'S RECURRING REVENUE STREAM FROM EXISTING CLIENTS IS DIFFICULT TO ASSESS AT THIS STAGE
* OPERATIONAL EXPENSES HAVE BEEN REDUCED BY 20% WITH NO TRAVEL AND DISCRETIONARY SPEND
* OPERATIONAL EXPENSES HAVE BEEN REDUCED BY 20% WITH NO TRAVEL AND DISCRETIONARY SPEND
* BUSINESS RECOGNISES POTENTIAL FOR COVID-19 TO IMPACT BUSINESS OVER A PROLONGED PERIOD