Nayax Provides A Business Operations Update; Says "Only Approximately 8% Of Its Revenues Are Derived From Israel, And Such Revenues Are Not Currently Expected To Be Materially Impacted By The War"
Portfolio Pulse from Benzinga Newsdesk
Nayax Ltd. has announced that the ongoing war in Israel has not materially disrupted its business operations. The company's internal analysis concluded that there are no current or expected material interruptions to its business continuity, supply chain, sales of products or services, backlog of orders or employee productivity. Only approximately 8% of its revenues are derived from Israel, and such revenues are not currently expected to be materially impacted by the war.
October 18, 2023 | 12:15 pm
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Nayax's business operations are not materially disrupted by the ongoing war in Israel. Only 8% of its revenues are derived from Israel, and these are not expected to be materially impacted by the war.
Nayax has conducted an internal analysis and concluded that the ongoing war in Israel has not materially disrupted its business operations. This is because only 8% of its revenues are derived from Israel. Therefore, the war is not expected to have a significant impact on the company's financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100