Brief: Mcpherson's Sees Total Sales Growth In Range Of 8% To 10% Is Forecast In 1H22

McPherson's

01/11/2021 01:30

Nov 1 (Reuters) - McPherson's Ltd  MCP.AX :
    * MCPHERSON'S TRADING UPDATE-MCP.AX
    * TOTAL SALES GROWTH IN RANGE OF 8% TO 10% IS FORECAST IN
1H22
    * 1H22 UNDERLYING PROFIT BEFORE TAX IS EXPECTED TO BE
BETWEEN
A$0.4 MILLION TO A$0.7 MILLION BELOW 1H21
    * SALES GROWTH IN RANGE OF 6% TO 8% IS FORECAST FOR FULL
FINANCIAL
YEAR FY22
    * 2H22 UNDERLYING PROFIT BEFORE TAX IS PROJECTED TO BE
POSITIVELY
IMPACTED BY A MORE FAVOURABLE FX HEDGING RESULT
    * NO MATERIAL IMPROVEMENT IN SHORT-TERM AND IS NOT EXPECTING
ANY
MATERIAL PROFIT CONTRIBUTION FROM ITS TRADING IN CHINA IN FY22
    * DETERMINED THAT IT WILL BE PRUDENT TO INCUR A ONE-OFF
PROVISION
IN RANGE OF A$8 MILLION TO A$10 MILLION  FOR DR. LEWINN'S
INVENTORY
    * VARIOUS OPTIONS ARE BEING EXPLORED TO SELL EXCESS DR.
LEWINN'S
INVENTORY

Source text for Eikon:  ID:nASXc7PJZ2 
Further company coverage:  MCP.AX 

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