Brief: Close The Loop Ltd Announces Market Update

Close The Loop

02/10/2023 11:31

Oct 2 (Reuters) - Close The Loop Ltd  CLG.AX :
    * MARKET UPDATE
    * HAS HAD A GOOD START TO FY24
    * REVENUE AND EBITDA ARE TRACKING WELL FOR FIRST TWO MONTHS
    * INSTALLATION OF NEW TONERPLAS LINE IN VICTORIA IS EXPECTED
TO BE
COMPLETED BY END OF THIS CALENDAR YEAR
    * CONFIDENT OF ACHIEVING GUIDANCE OF A$43M EBITDA OVER
REMAINDER
OF FINANCIAL YEAR
    * ANTICIPATES ROLLING OUT ADDITIONAL PLANTS ACROSS COUNTRY
DUE TO
HIGH LEVEL OF DEMAND FOR ITS ASPHALT BINDER ADDITIVE
    * NEW TONERPLAS LINE IN VICTORIA EXPECTED TO COMMENCE
GENERATING
REVENUE IN EARLY 2024

Source text for Eikon:  ID:nASX1cRwnV 
Further company coverage:  CLG.AX 

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