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SIQ - Smartgroup News Story

A$7.26 -0.1  -1.0%

Last Trade - 5:10am

Sector
Industrials
Size
Mid Cap
Market Cap £501.6m
Enterprise Value £509.6m
Revenue £113.2m
Position in Universe 324th / 1960

BRIEF-Smartgroup sees H1 CY2016 NPATA of about A$18 mln

Mon 25th July, 2016 12:13am
July 25 (Reuters) - Smartgroup Corporation Ltd  SIQ.AX : 
 * Trading update and acquisition of selectus 
 * Has entered into an agreement to acquire 100% of selectus for initial 
consideration of $119 million 
 * Says deal for initial consideration of $119 million plus subsequent 
consideration of up to $50 million 
 * Sees H1 cy2016 npata of approximately $18.0 million 
 * Expects "H1 cy2016 revenue of approximately $60.5 million" 
 * Smartgroup expects to report H1 cy2016 EBITDA of approximately $25.5 million 
 * Smartgroup corp - transaction is estimated to result in pro forma full year 
cy2016 EPS accretion on npata basis of about 6-7% before synergies 
 
  Source text for Eikon  ID:nASX7sXgZg  
 
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