Brief: AMA Group Posts HY Loss After Income Tax Attributable A$25.8 Mln

Ama

21/02/2023 01:28

Feb 21 (Reuters) - AMA Group Ltd  AMA.AX :
    * HY LOSS AFTER INCOME TAX ATTRIBUTABLE A$25.8 MILLION
VERSUS LOSS
OF A$46.3 MILLION
    * HY REVENUE AND OTHER INCOME FROM CONTINUING OPERATIONS
A$426.2
MILLION VERSUS A$418.1 MILLION
    * GROUP’S PATH TO EXPECTED PROFITABILITY & ONGOING
COMPLIANCE WITH
COVENANT REQUIREMENTS IS INHERENTLY UNCERTAIN
    * SIGNIFICANT DOUBT UPON THE GROUP’S ABILITY TO CONTINUE AS
A
GOING CONCERN
    * POTENTIALLY ABLE TO UNDERTAKE ALTERNATIVE ACTIONS SUCH AS
RAISING EQUITY, SECURING ADDITIONAL FINANCING, AMONG OTHERS
    * NOTES CONTINUED UNCERTAINTY IN NUMBER OF FACTORS THAT WILL
INFLUENCE MEETING DEBT COVENANTS FROM 1 JULY 2023
    * GROUP’S FINANCIERS AGREED TO A REVISED  COVENANT TESTING
REGIME
FOR FY2023, FORECAST TO MEET THESE COVENANTS FOR REMAINDER OF
YEAR

Source text for Eikon:  ID:nASX5sd3S5 
Further company coverage:  AMA.AX 
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