CLG close the loop ltd.
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News: CLG Close The Loop Ltd Announces Market Update

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    02/10/23
    21:35
    Post #: 70137161

    Oct 2 (Reuters) - Close The Loop Ltd (CLG) :

    • MARKET UPDATE
    • HAS HAD A GOOD START TO FY24
    • REVENUE AND EBITDA ARE TRACKING WELL FOR FIRST TWO MONTHS
    • INSTALLATION OF NEW TONERPLAS LINE IN VICTORIA IS EXPECTED TO BE COMPLETED BY END OF THIS CALENDAR YEAR
    • CONFIDENT OF ACHIEVING GUIDANCE OF A$43M EBITDA OVER REMAINDER OF FINANCIAL YEAR
    • ANTICIPATES ROLLING OUT ADDITIONAL PLANTS ACROSS COUNTRY DUE TO HIGH LEVEL OF DEMAND FOR ITS ASPHALT BINDER ADDITIVE
    • NEW TONERPLAS LINE IN VICTORIA EXPECTED TO COMMENCE GENERATING REVENUE IN EARLY 2024
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