Brief: Oliver's Real Food Says Floods in NSW and QLD Have Had Substantial Impact on Co

Oliver's Real Food

15/03/2022 07:13

March 15 (Reuters) - Oliver's Real Food Ltd  OLI.AX :
    * UPDATE ON FUNDING FACILITY
    * SALES IN DECEMBER 2021 AND JANUARY 2022 HAD BEEN PATCHY
    * DEVASTATING FLOODS IN NSW AND QLD HAVE HAD AN SUBSTANTIAL
IMPACT
ON CO, WITH THREE STORES CLOSED COMPLETELY
    * EXPECTATIONS FOR POSITIVE OPERATING CASH FLOWS IN SECOND
HALF OF
FY2022 IS NOW LESS LIKELY TO BE REALISED
    * SALES DID NOT RECOVER AS QUICKLY AS EXPECTED AFTER BORDERS
REVENUE FOR PERIOD DECEMBER 2021 TO MID-MARCH 2022 IS LESS 
    * PRINCIPAL LENDERS INCREASED LINE OF CREDIT FACILITY FROM
A$1.5M
TO A$2.1M

Source text for Eikon:  ID:nASX5RSgFd 
Further company coverage:  OLI.AX 

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