Brief: Saunders International Says Issued With A 'Notice Of Termination For Convenience' By Crowley

Saunders International

06/04/2023 01:02

April 6 (Reuters) - Saunders International Ltd  SND.AX :
    * CROWLEY DECIDED TO RESTRUCTURE DELIVERY OF DEFENCE FUEL
STORAGE
FACILITY IN DARWIN
    * HAS BEEN ISSUED WITH A 'NOTICE OF TERMINATION FOR
CONVENIENCE'
BY CROWLEY
    * NOTICE OF TERMINATION RELATING TO A$165 MILLION CONTRACT
PARTIES
ENTERED INTO IN NOVEMBER 2021
    * FY23 RESULTS WILL BE ACHIEVED WITH REVENUE TOWARDS LOWER
END OF
OUR PREVIOUSLY ISSUED GUIDANCE OF A$190-A$220 MILLION
    * ORDER BOOK OF A$200 MILLION AS OF 24 FEB NEGATIVELY
IMPACTED BY
CIRCA A$40 MILLION AS RESULT OF TERMINATION


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