Brief: Energy Action Says Has Seen A 53% Decline In Net Sale Orders During Current FY To Oct
19/11/2021 01:09
Nov 19 (Reuters) - Energy Action Ltd EAX.AX :
* TRADING UPDATE AFFECTING FIRST HALF PROFIT-EAX.AX
* HAS SEEN A 53% DECLINE IN NET SALE ORDERS DURING CURRENT
FY TO
OCTOBER 2021
* DUE TO PROJECTED H1 OPERATING LOSSES, CO ADVISES THERE MAY
BE A
BREACH OF COVENANTS UNDER CO'S BANK CREDIT FACILITY
* WORKING PROACTIVELY WITH BANK TO REVIEW AND MANAGE ITS
COMPLIANCE OBLIGATIONS
* LOWER THAN EXPECTED SALES PERFORMANCE IS LIKELY TO RESULT
IN HY
OPERATING LOSS OF BETWEEN A$0.5 MILLION AND A$1.0 MILLION
Source text for Eikon: ID:nASX1RZsTS
Further company coverage: EAX.AX
((Reuters.Briefs@thomsonreuters.com;))
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