Disappointing to say the least, with the mid point of that range about $3m below last year if the takeover costs are excluded. Review sales must have really dropped off in recent weeks for them to make this announcement now. They also didnt mentiion swimwear so must be a slow build from the recent investment. Also, depending on where the EbItda lands within that range, difficult to say whether we will see a dividend. Although they say H2 should be at or above last year, it needs to be stronger to generate a H2 profit after tax. Was hoping for some better news before the weekend.
PGR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
