Brief: Link Administration Expects To Report FY23 Group Operating EBIT Of A$178.1 Mln

Link Administration Holdings

03/08/2023 02:30

Aug 3 (Reuters) - Link Administration Holdings Ltd
 LNK.AX :
    * EXPECTS TO REPORT FY23 GROUP OPERATING EBIT OF
APPROXIMATELY
A$178.1 MILLION
    * EXPECTS TO REPORT A FY23 STATUTORY LOSS (AFTER TAX) OF
A$417.7
MILLION
    * IN FY24 WE EXPECT TO RECOGNISE A GAIN OF APPROXIMATELY
A$280.3
MILLION (NET OF TAX) ON COMPLETION OF FS SALE
    * EXPECTED SALE OF FS BUSINESS TO WAYSTONE GROUP AND
ANNOUNCEMENT
OF SETTLEMENT WILL OCCUR ACROSS 2 FINANCIAL YEARS
    * LINK GROUP EXPECTS THAT FS SALE WILL COMPLETE IN OCTOBER
2023,
SUBJECT TO REMAINING CONDITIONS BEING SATISFIED
    * BCM SALE IS TARGETED TO COMPLETE IN SEPTEMBER 2023 AS
PREVIOUSLY
ANNOUNCED

Source text for Eikon:  ID:nASX4KsmHj 
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