March 18 (Reuters) - Carbon Revolution Ltd (CBR) :
- RAISED A$25M THROUGH A NON- UNDERWRITTEN INSTITUTIONAL SHARE PLACEMENT
- TO CEASE RECRUITMENT ACTIVITY RELATED TO PLAN TO INCREASE PRODUCTION VOLUMES TO MINIMISE RISKS OF COVID-19 INFECTIONS
- CEASING RECRUITMENT TO IMPACT SALES VOLUME INCLUDED IN ITS FY20 FORECAST
- SEES TOTAL FY REVENUE ABOUT $54M
- DOES NOT EXPECT TO BECOME EBITDA POSITIVE DURING FY20
- SEES FY EBIT TO REDUCE BY ABOUT $5M VERSUS FY20 PROSPECTUS FORECAST
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- News: CBR Carbon Revolution Says Does Not Expect To Become EBITDA Positive In FY20
News: CBR Carbon Revolution Says Does Not Expect To Become EBITDA Positive In FY20
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