Brief: Wellington Drive Technologies FY Rev NZ$36.9 Mln Vs NZ$61.7 Mln

Aofrio

27/01/2021 23:11

Jan 28 (Reuters) - Wellington Drive Technologies Ltd
 WDT.NZ :
    * FY REVENUE NZ$36.9 MILLION VERSUS NZ$61.7 MILLION
    * 2021 REVENUE EXPECTED TO IMPROVE MATERIALLY COMPARED TO
2020
    * CURRENT US DOLLAR REVENUE FORECAST FOR 2021 IS IN RANGE
US$37
MILLION TO US$42 MILLION
    * TARGETING EBITDA EARNINGS OF AROUND NZ$2.0-2.5 MILLION IN
2021
WHICH WOULD DELIVER A MODEST PRE-TAX LOSS
    * Q1 REVENUE IS FORECAST TO BE APPROXIMATELY US$11-12
MILLION

Source text for Eikon:  ID:nNZW1CZZb 
Further company coverage:  WDT.NZ 

 ((Reuters.Briefs@thomsonreuters.com))