Brief: Link Administration Restates FY23 Stat Results In Light Of Sale Of FS Business

Link Administration Holdings

31/10/2023 24:52

Oct 31 (Reuters) - Link Administration Holdings Ltd
 LNK.AX :
    * RESTATING FY23 STAT RESULTS IN LIGHT OF SALE OF FS
BUSINESS
    * LINK GROUP'S STATUTORY LOSS FOR 1HFY23 WILL BE REVISED
FROM A
PREVIOUSLY REPORTED A$410.1 MILLION TO A RESTATED A$460.5
MILLION
    * GROUP'S STATUTORY LOSS FOR FY23 WILL BE REVISED FROM
PREVIOUSLY
REPORTED A$417.7 MILLION TO A RESTATED A$248.9 MILLION
    * CHANGE IN ACCOUNTING TREATMENT HAS NO IMPACT ON LINK
GROUP'S
FY23 OPERATING NPATA AND LEVERAGE RATIO
    * LINK GROUP REAFFIRMS ITS FY24 GUIDANCE PROVIDED AT FY23
RESULTS

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