Dec 7 (Reuters) - Bill Identity Ltd (BID) :
- US PLATFORM BUSINESS UPDATE-BID.AX
- WILL DISCONTINUE APPROXIMATELY 20 US PLATFORM UTILITY BILL MANAGEMENT (UBM) CONTRACTS
- WILL REDUCE HEADCOUNT AND ASSOCIATED FIXED COSTS WHICH SUPPORT THESE CONTRACTS
- DISCONTINUATION ACTIONS ARE EXPECTED TO RESULT AN EBITDA GAIN OF AUD$4.0M ON AN ANNUALISED BASIS
- COST OF US STRUCTURAL CHANGES IS EXPECTED TO BE ABOUT A$0.5M