A telco sector client has advised DWS that DWS' services are to be reduced over the Christmas-New Years period and DWS is in discussions with the client to determine the effect on DWS' portfolio of work over this period. Impact of up to $1.0 million on H2 EBITDA and H1 EBITDA to be between $12.0-$12.5 million (compared to $13.4 million PCP).
No wonder the share price has plummeted 13%. Bit surprised the company didn't ask for its shares to be suspended before it released this update to the market.
DWS Price at posting:
$1.37 Sentiment: None Disclosure: Not Held