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News: BID Bill Identity Will Discontinue About 20 Us Platform Utility Bill Management (UBM)...

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    07/12/21
    12:15
    Post #: 58126661

    Dec 7 (Reuters) - Bill Identity Ltd (BID) :

    • US PLATFORM BUSINESS UPDATE-BID.AX
    • WILL DISCONTINUE APPROXIMATELY 20 US PLATFORM UTILITY BILL MANAGEMENT (UBM) CONTRACTS
    • WILL REDUCE HEADCOUNT AND ASSOCIATED FIXED COSTS WHICH SUPPORT THESE CONTRACTS
    • DISCONTINUATION ACTIONS ARE EXPECTED TO RESULT AN EBITDA GAIN OF AUD$4.0M ON AN ANNUALISED BASIS
    • COST OF US STRUCTURAL CHANGES IS EXPECTED TO BE ABOUT A$0.5M
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