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News: PGL Prospa Group Sees FY20 EBITDA Loss In Range Of $18-22 Mln

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    31/07/20
    10:50
    Post #: 46209497

    July 31 (Reuters) - Prospa Group Ltd (PGL) :

    • FY20 UNAUDITED RESULTS IMPACTED BY COVID-19 PANDEMIC DUE TO ADDITIONAL PROVISIONING FOR CREDIT LOSSES
    • FY20 EBITDA LOSS IS EXPECTED TO BE IN RANGE OF $18-22 MILLION
    • REVENUE IS EXPECTED TO SLOW TO 4% GROWTH OVER FY20
    • ADDITIONAL $20 MILLION PROVISION HAS BEEN MADE FOR CREDIT LOSSES
    • LIFTING ALLOWANCE FOR EXPECTED CREDIT LOSSES AS A PERCENTAGE OF RECEIVABLES TO 11.7% FOR FY20
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