Brief: Cavalier Corp Announces FY19 Half Year Guidance

Bremworth

04/12/2018 20:32

Dec 5 (Reuters) - Cavalier Corporation Ltd  CAV.NZ :
    * FY19 HY NORMALISED NET PROFIT AFTER TAX EXPECTED TO BE
BETWEEN
NZ$1.6M AND NZ$2.0M 
    * FY19 HY REVENUE IS EXPECTED TO BE 7% DOWN ON PRIOR YEAR
    * CAVALIER CORP- WITH NON-CASH WRITE DOWN AROUND $11.8M ON
SALE OF
27.5% IN CAVALIER WOOL, SEES FY19 HY NET LOSS AFTER TAX BETWEEN
$9.8M -$10.2M
    * EXCLUDING NON-CASH WRITE DOWN, CAVALIER IS EXPECTING FY19
HY
NORMALISED EBITDA OF BETWEEN NZ$4.2M TO NZ$4.7M
    * ALL FIGURES IN NZ$

Source text: (https://bit.ly/2PhkQbO)
Further company coverage:  CAV.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))