Brief: City Chic Collective Provides Trading Update And Response To Media Speculation

City Chic Collective

30/01/2024 24:57

Jan 30 (Reuters) - City Chic Collective Ltd  CCX.AX :
    * TRADING UPDATE AND RESPONSE TO MEDIA SPECULATION
    * GROUP SALES REVENUE FOR H1 FY24 IS EXPECTED TO BE DOWN
APPROXIMATELY 29% TO A$105.8M
    * RESPONSE TO RECENT MEDIA SPECULATION REGARDING POTENTIAL
INTEREST IN CITY CHIC'S NORTH AMERICAN BUSINESS
    * EXPECTS TO ACHIEVE UNDERLYING EBITDA LOSS (POST-AASB16)
FOR H1
FY24 OF BETWEEN A$7M AND A$10M
    * NO CERTAINTY THAT ANY OPPORTUNITIES INCLUDING ANY
POTENTIAL SALE
OF NORTH AMERICAN BUSINESS, PROCEED TO A BINDING TRANSACTION

Source text for Eikon:  ID:nASXns1Ht 
Further company coverage:  CCX.AX 

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