Brief: Barramundi Explores Strategic Options For Australian Ops

Barramundi

02/09/2022 06:17

Sept 2 (Reuters) - Barramundi Group Ltd  BARRA.OL :
    * EXPLORING STRATEGIC OPTIONS FOR THE AUSTRALIAN OPERATIONS
    * HALF YEARLY REPORT RELEASED 30 AUGUST 2022 SHOWS,
AUSTRALIAN
BUSINESS IS CURRENTLY NOT PROFITABLE
    * MANAGEMENT IS ACTIVELY WORKING ON PRICING ADJUSTMENTS AND
COST
SAVING MEASURES WHICH ARE EXPECTED TO RESULT IN IMPROVED MARGINS
THAT WILL BRING BUSINESS CLOSER TO PROFITABILITY
    * FOLLOWING DISCUSSIONS WITH VARIOUS POTENTIAL INVESTORS,
BARRAMUNDI GROUP HAS NOW DECIDED TO ALSO CONSIDER A COMPLETE
DIVESTMENT OF BUSINESS
    * UPDATE ON PROGRESS ON THIS PROJECT WILL BE GIVEN NO LATER
THAN
IN Q3 BUSINESS AND FINANCIAL UPDATE, SCHEDULED FOR 29 NOVEMBER
2022

Source text for Eikon:  ID:nObijytH4a 
Further company coverage:  BARRA.OL 

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