Brief: Latitude Group Says FY23 Cash NPAT Will Be Adversely Impacted By Reduced 1H Earnings

Latitude group

26/05/2023 24:49

May 26 (Reuters) - Latitude Group Holdings Ltd  LFS.AX :
    * CASH NPAT FOR FY23 WILL BE ADVERSELY IMPACTED BY REDUCED
FIRST
HALF EARNINGS
    * LATITUDE WILL MAKE A PROVISION FOR COSTS ASSOCIATED WITH
CYBER
INCIDENT IN FY23
    * UNLIKELY THAT LATITUDE WILL DECLARE A DIVIDEND FOR SIX
MONTHS TO
30 JUNE
    * NO SUSPICIOUS ACTIVITY HAS BEEN OBSERVED IN OUR SYSTEMS
SINCE 16
MARCH
    * CASH NPAT FOR FY23 LIKELY TO BE IN RANGE OF A$15M TO A$25M
    * ANTICIPATES IT WILL RECOGNISE A$53M AFTER TAX IN 1H23,
WHICH
INCLUDES BOTH COSTS INCURRED AND A PROVISION OF A$46M AFTER TAX
    * 1H23 STATUTORY LOSS AFTER TAX FROM CONTINUING OPERATIONS
IS
FORECAST TO BE IN RANGE OF A$95M TO A$105M
    * FULL YEAR STATUTORY RESULT ALSO EXPECTED TO BE A LOSS
    * EXTENSIVE FURTHER ENQUIRIES FROM REGULATORS ARE EXPECTED
OVER
COMING MONTHS

Source text for Eikon:  ID:nASX8X4PJ6 
Further company coverage:  LFS.AX 

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