Nov 13 (Reuters) - Bingo Industries Ltd (BIN) : EXPECTS TO...

Nov 13 (Reuters) - Bingo Industries Ltd (BIN) :

• EXPECTS TO REPORT UNDERLYING EDITDA IN RANGE OF $159 - $164 MILLION FOR FINANCIAL YEAR ENDING 30 JUNE 2020
• HEADWINDS IN RESIDENTIAL CONSTRUCTION ARE EXPECTED TO CONTINUE THROUGHOUT FY20
• NON-CORE ASSET SALES CONTINUE AND ARE EXPECTED TO RETURN A FURTHER $30 MILLION IN CAPITAL IN FY20
• CFO ANTHONY STORY STATED INTENTION TO RETIRE AND EFFECTIVE FROM NOV 13 WILL BE STEPPING DOWN FROM ROLE
• INTEGRATION OF DIAL A DUMP IS WELL PROGRESSED WITH COST SYNERGIES OF $15 MILLION TO BE REALISED EQUALLY OVER 2 YEARS
• CHRIS JEFFREY WILL TAKE ON AN EXPANDED ROLE COMBINING CHIEF FINANCIAL OFFICER ROLE
• MD AND CEO DANIEL TARTAK INTENDS TO INCREASE ECONOMIC INTEREST IN BINGO FROM 15.19% TO 19.83%

Source: http//bit.ly/33JoTWi

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