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News: TMH Market Herald Says Progressed Comprehensive Evaluation Of Perth And Canadian Business...

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    17/03/23
    08:35
    Post #: 66815779

    March 17 (Reuters) - Market Herald Ltd (TMH) :

    • PROGRESSED A COMPREHENSIVE EVALUATION OF PERTH AND CANADIAN BUSINESS UNITS
    • DECIDED TO DISCONTINUE SELECT UNDERPERFORMING ACTIVITIES
    • DISCONTINUED ACTIVITIES INCLUDE MARKET HERALD GERMANY, PUBLICATIONS WHICH ARE NOT MATERIAL CONTRIBUTORS TO REVENUES
    • RESTRUCTURING EXPECTED TO GENERATE RECURRING COST SAVINGS AND IMPROVED ANNUALISED EBITDA OF ABOUT AUD 1.4M DURING FY 2024
    • REAFFIRMS ITS GUIDANCE COMMUNICATED TO MARKET ON 19 JANUARY 2023
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