March 26 (Reuters) - Austin Engineering Ltd (ANG) :
- EARNINGS GUIDANCE WITHDRAWAL AND INTERIM DIVIDEND DEFERRAL
- IS WITHDRAWING ITS FY2020 EARNINGS GUIDANCE OF $24-$28 MILLION NORMALISED EBITDA
- HAS ELECTED TO DEFER PAYMENT OF ITS INTERIM DIVIDEND OF 0.2 CENTS PER SHARE (TOTALLING $1.2 MILLION) UNTIL 30 SEPTEMBER 2020
- THERE IS A RISK THAT WORKLOADS IN INDONESIA IN FINAL QUARTER OF FY2020 WILL BE SUBDUED IF PURCHASE DECISIONS ARE DEFERRED
- FACILITY IN INDONESIA IS ON TRACK TO MEET ITS MANUFACTURING TARGETS ON ORDERS ALREADY RECEIVED
- CLOSURES OF FACILITIES IN COLOMBIA AND PERU NOT CURRENTLY EXPECTED TO HAVE A MATERIAL IMPACT ON EARNINGS GUIDANCE
- TWO LARGE ORDERS THAT WERE EXPECTED TO BE RECEIVED BY INDONESIA FACILITY ARE STILL WAITING FINAL APPROVAL
- THERE ARE NO CONFIRMED CASES OF COVID-19 AMONG EMPLOYEES THAT CO IS AWARE OF
- EXPECTATIONS FOR CURRENT YEAR EARNINGS INCLUDE MATERIALLY HIGHER Q4 AS OPERATIONS RAMP UP TO MEET INCREASED DEMAND LEVELS
News: ANG Austin Engineering Withdraws 2020 Earnings Forecast, Defers Interim Dividend
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