CMP compumedics limited

News: CMP Compumedics cuts FY17 core earnings forecast

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    July 7 (Reuters) - Compumedics Ltd (CMP) :

    • Unaudited group FY17 EBITDA is expected to be between $2.1 million and $3.6 million before $1.6 million of one- off restructuring costs
    • Restructuring activities in core capital equipment business resulted in lower than expected sales for twelve months to 30 June 2017 of about $33 mln
    • "Expects us business to contribute strongly to overall group performance in FY18"
    • "Company expects to remain cash flow positive"
 
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