Feb 10 (Reuters) - Af Legal Group Ltd (AFL) :
- CAUTIOUSLY OPTIMISTIC THAT IMPROVING REVENUE TRENDS EVIDENT FROM LATE IN Q2 FY23 WILL CONTINUE ACROSS H2 FY23
- ON AN UNAUDITED BASIS, H1 FY23 REVENUE (EXCLUDING DISBURSEMENTS) OF A$8.8 MILLION AN INCREASE OF 2.5%
- HAVE ALREADY TAKEN SIGNIFICANT STEPS TO REDUCE GROUP OVERHEADS WITH FULL BENEFIT OF THESE SAVINGS TO BE ACHIEVED IN FY24
- CONFIDENT THAT THERE IS NO NEED TO RAISE CAPITAL TO CONTINUE BUSINESS AS USUAL
- WILL CONSIDER BUYING BACK SHARES IF THEY TRADE AT A SIGNIFICANT DISCOUNT TO UNDERLYING VALUE
- WE WILL BE REQUIRED TO BOOK A GOODWILL IMPAIRMENT CHARGE OF CIRCA A$6.6M IN FY23 HALF-YEAR RESULTS
- CHRIS MCFADDEN APPOINTED AS PERMANENT CFO/COO
- SEES STATUTORY LOSS FOR HALF YEAR IN A RANGE OF A$8.4M - A$8.9M
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