Brief: Metarock Group Says Fy2022 Statutory Net Loss After Tax Of A$12.6 Million

Mastermyne

30/08/2022 01:37

Aug 30 (Reuters) - Metarock  MYE.AX :
    * FY2022 STATUTORY NET LOSS AFTER TAX OF A$12.6 MILLION
VERSUS
A$5.9 MILLION
    * FY REVENUE OF A$452.7 MILLION, UP 94.2%
    * DIVERSIFICATION WILL DELIVER FURTHER REVENUE AND EARNINGS
GROWTH
IN FY2023 AND BEYOND
    * FY2023 REVENUE IS FORECAST AT A$600-A$650 MILLION
    * SEES  FY2023 EBITDA AT A$50-A$55 MILLION
    * COAL MINE DIVISION WILL STABILISE AND DEFERRAL OF CAPITAL
TO
ENSURE BETTER POSITIONED TO RAMP UP PRODUCTION FROM JULY 2023
    * REVENUE AND MARGIN CONTRIBUTION FROM CRINUM CONTRACT
REMAINS
UNCHANGED BUT WILL PUSH OUT TO FY2024
    * PLAN TO A$30 MILLION OF CAPITAL RECOVERY OF CRINUM
EQUIPMENT IN
1H FY2023 WILL REDUCE DEBT LEVELS

Source text for Eikon:  ID:nASXbT3yDk 
Further company coverage:  MYE.AX 

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