News: AHY Asaleo Care cuts FY 2016 earnings guidance

July 22 (Reuters) - Asaleo Care Ltd (AHY) :

• Preliminary 1h16 results and revised FY 2016 earnings guidance (AHY)
• Anticipate cost headwinds will continue in 2h16 before declining in FY 2017

  as current reduced US$ pulp prices flow through.

• Announces reduction in its full year guidance for the financial year ending

  31 December 2016

• Expect pulp costs will likely decline in 2017 due to the current and market

  forecast outlook for us$ pulp prices

• Now sees FY 2016 underlying NPAT decline of approximately 15%