Brief: Earlypay Says Resolution Of Revroof Legal Proceedings And Release Of Funds To Earlypay

Earlypay

11/12/2023 24:25

Dec 11 (Reuters) - Earlypay Ltd  EPY.AX :
    * RESOLUTION OF REVROOF LEGAL PROCEEDINGS AND RELEASE OF
FUNDS TO
EARLYPAY
    * ABOUT A$8.4M OF PROCEEDS FROM SALE OF REVROOF BUSINESS
HELD IN
TRUST PENDING RESOLUTION OF LEGAL DISPUTES WILL NOW BE RELEASED
    * COMPANY REAFFIRMS THAT FY24 NPAT IS EXPECTED TO EXCEED
FY23'S
UNDERLYING PROFORMA NPAT OF A$4.8M
    * RECOVERY EXPENSES OF A$1.0M EXPECTED TO BE RECOGNISED IN
FY24 IN
ADDITION TO A$3.9M RECOGNISED IN FY23
    * EXPECTS TO SETTLE ITS NEW INVOICE AND TRADE FINANCE
WAREHOUSE
FACILITY BY END OF CALENDAR YEAR

Source text for Eikon:  ID:nASX3xJ57d 
Further company coverage:  EPY.AX