Brief: Market Herald Says Progressed Comprehensive Evaluation Of Perth And Canadian Business Units

Gumtree Australia Markets

16/03/2023 21:32

March 17 (Reuters) - Market Herald Ltd  TMH.AX :
    * PROGRESSED A COMPREHENSIVE EVALUATION OF PERTH AND
CANADIAN
BUSINESS UNITS
    * DECIDED TO DISCONTINUE SELECT UNDERPERFORMING ACTIVITIES
    * DISCONTINUED ACTIVITIES INCLUDE MARKET HERALD GERMANY,
PUBLICATIONS WHICH ARE NOT MATERIAL CONTRIBUTORS TO REVENUES
    * RESTRUCTURING EXPECTED TO GENERATE RECURRING COST SAVINGS
AND
IMPROVED ANNUALISED EBITDA OF ABOUT AUD 1.4M DURING FY 2024
    * REAFFIRMS ITS GUIDANCE COMMUNICATED TO MARKET ON 19
JANUARY 2023

Source text for Eikon:  ID:nASX6ktcwS 
Further company coverage:  TMH.AX 

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