News: AMA AMA Group Posts HY Loss After Income Tax Attributable A$25.8 Mln

Feb 21 (Reuters) - AMA Group Ltd (AMA) :

• HY LOSS AFTER INCOME TAX ATTRIBUTABLE A$25.8 MILLION VERSUS LOSS OF A$46.3 MILLION
• HY REVENUE AND OTHER INCOME FROM CONTINUING OPERATIONS A$426.2 MILLION VERSUS A$418.1 MILLION
• GROUP’S PATH TO EXPECTED PROFITABILITY & ONGOING COMPLIANCE WITH COVENANT REQUIREMENTS IS INHERENTLY UNCERTAIN
• SIGNIFICANT DOUBT UPON THE GROUP’S ABILITY TO CONTINUE AS A GOING CONCERN
• POTENTIALLY ABLE TO UNDERTAKE ALTERNATIVE ACTIONS SUCH AS RAISING EQUITY, SECURING ADDITIONAL FINANCING, AMONG OTHERS
• NOTES CONTINUED UNCERTAINTY IN NUMBER OF FACTORS THAT WILL INFLUENCE MEETING DEBT COVENANTS FROM 1 JULY 2023
• GROUP’S FINANCIERS AGREED TO A REVISED COVENANT TESTING REGIME FOR FY2023, FORECAST TO MEET THESE COVENANTS FOR REMAINDER OF YEAR