SNK
18/03/2016 15:30
FORECAST
PRICE SENSITIVE
REL: 1530 HRS Snakk Media Limited
FORECAST: SNK: Snakk Media Limited (SNK) GM likely to exceed KOM 18/3/2016
Snakk - Gross margin likely to exceed Key Operating Milestone
In accordance with the requirements of Rule 50 of the NXT Rules, the Board of
Snakk Media Limited (the Company) advises that the Company's operational
performance with respect to its Gross Margin, one of its key operating
milestones, will, or is likely to, exceed by more than 10% the target for
FY16 of 55% .
The forecast Gross Margin for the financial year ending on 31 March 2016 is
64.5%
The Company will review the annual target for Gross Margin for FY17 and will
include the reset annual target in the next business update.
Authority for this announcement: Mark Ryan, Chief Executive
Contact phone number: +61 409 225 820
Contact email address: [email protected]
Date of release: 18 March 2016
End CA:00279522 For:SNK Type:FORECAST Time:2016-03-18 15:30:14
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