Brief: Dra Global Gives Trading Update And Earnings Guidance

DRA Global

11/05/2022 02:32

May 11 (Reuters) - DRA Global Ltd  DRA.AX :
    * TRADING UPDATE AND EARNINGS GUIDANCE
    * ANTICIPATES FY2022 REVENUE AND EARNINGS WILL BE LOWER THAN
FY2021
    * REVENUE FOR FY2022 IS ANTICIPATED TO BE IN RANGE OF A$900M
TO
A$1BLN
    * HAS RESOLVED NOT TO DECLARE A DIVIDEND IN RESPECT OF
FY2021
    * UNDERLYING EBIT FOR FY2022 IS ANTICIPATED TO BE IN  RANGE
OF
A$15M TO A$25M
    * ANTICIPATES HIGHER THAN EXPECTED LEGAL FEES FOR FY2022 IN
RESPECT OF ONGOING LITIGATION IN EMEA AND APAC
    * A PRE-TAX, NON-CASH, IMPAIRMENT IN RESPECT OF CERTAIN
OPERATIONS
IN APAC BUSINESS IS ANTICIPATED IN RANGE OF A$10M TO A$15M
    * UNDERTAKING A REVIEW OF DRA’S BUSINESS PORTFOLIO,
OPERATING 
MODEL AND COST STRUCTURE

Source text for Eikon:  ID:nASX6x3cf1 
Further company coverage:  DRA.AX 

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