CCG comms group ltd
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News: CCG Comms Group Advises Of Restructure To Reduce Non-Core Costs

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    04/04/23
    08:40
    Post #: 67118650

    April 4 (Reuters) - Comms Group Ltd (CCG) :

    • UPDATES ON BUSINESS OPERATIONS AND ADVISES OF A RESTRUCTURE TO REDUCE NON-CORE COSTS
    • REMAINS ON TRACK TO ACHIEVE UNDERLYING EBITDA OF A$5MLN+ FOR FY23
    • HAS BEEN WORKING WITH KEY CUSTOMER VODAFONE ON AN ENHANCED CONTRACTUAL ARRANGEMENT
    • ON A FULL YEAR BASIS EXPECT TO ACHIEVE UNDERLYING ANNUALISED EBITDA OF APPROX. A$7M
    • RESTRUCTURE COMMENCED AND COMMS GROUP EXPECTS TO DELIVER CIRCA A$2M OF ANNUALISED OPERATING COST SAVINGS
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