Yeah, in the release, they said there would be a delay in seeing visible cost reductions due to the one off redundancy payments. So the full benefits of the savings wouldn't be realised until the September quarter. Though maybe their R&D tax rebate and COVID related payments will help get them over the line for Q4? That's about $8.5m available to help offset any expenses.
Q1 FY21 will be interesting for sure!
- Forums
- ASX - By Stock
- LVT
- Ann: Appendix 4C - Q3 ARR $55.2m, cost savings update.
Ann: Appendix 4C - Q3 ARR $55.2m, cost savings update., page-8
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LVT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online