News: SHJ Shine Corporate says it expects its core business to show improvement in H2

Jan 29 (Reuters) - Shine Corporate Ltd (SHJ) :

• Market guidance (SHJ)
• Total additional provision is a one-off amount of $17.5M taken up in FY 2016
• Expect the core business to show improvement in 2h
• Says growth forecasts for FY 2016 have been revised downwards due to a range of factors.
• Company's external auditor has agreed to the revised methodology and the intended increase in
• The company's revised FY 2016 EBITDA guidance is $24M-$28M.
• Board has decided that it will not declare an interim dividend
• company has concluded there is a need to increase its provisioning for wip and disbursements
• It expects to be in a position to declare a full year dividend.