Brief: Pacific Star Network Says Budgeting A Positive Fy21 EBITDA Result

Sports Entertainment

24/11/2020 10:22

Nov 24 (Reuters) - Pacific Star Network Ltd  PNW.AX :
    * BUDGETING A POSITIVE FY21 EBITDA RESULT
    * 1Q21 BROADCASTING REVENUE WAS DOWN 17%
    * TRADING IN 1Q21 TRENDED PROFITABLY & POSITIVELY COMPARED
TO
ACUTE DECLINE IN 4Q20
    * FOR FY21, INDICATIVELY, COST STRUCTURE WOULD BE EXPECTED
TO
DELIVER EBITDA OF ABOUT $25 - 35M FROM $100M REVENUE

Source text for Eikon:  ID:nASX1SWccf 
Further company coverage:  PNW.AX 

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