A woman wearing a mask to prevent the coronavirus uses her mobile phone at a shopping district in Seoul, South Korea, February 24, 2020. REUTERS/Kim Hong-Ji
LONDON: Diageo, the world's biggest spirits company, said on Wednesday the spread of coronavirus in greater China and the Asia Pacific region could knock up to $260 million off its profit in 2020.
The company said that in China, bars and restaurants have largely been closed and there has been a substantial reduction in banqueting. Trading has been significantly disrupted since the end of January and the group expects this to last at least into March.
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