News: DRA Dra Global Gives Trading Update And Earnings Guidance

May 11 (Reuters) - DRA Global Ltd (DRA) :

• TRADING UPDATE AND EARNINGS GUIDANCE
• ANTICIPATES FY2022 REVENUE AND EARNINGS WILL BE LOWER THAN FY2021
• REVENUE FOR FY2022 IS ANTICIPATED TO BE IN RANGE OF A$900M TO A$1BLN
• HAS RESOLVED NOT TO DECLARE A DIVIDEND IN RESPECT OF FY2021
• UNDERLYING EBIT FOR FY2022 IS ANTICIPATED TO BE IN RANGE OF A$15M TO A$25M
• ANTICIPATES HIGHER THAN EXPECTED LEGAL FEES FOR FY2022 IN RESPECT OF ONGOING LITIGATION IN EMEA AND APAC
• A PRE-TAX, NON-CASH, IMPAIRMENT IN RESPECT OF CERTAIN OPERATIONS IN APAC BUSINESS IS ANTICIPATED IN RANGE OF A$10M TO A$15M
• UNDERTAKING A REVIEW OF DRA’S BUSINESS PORTFOLIO, OPERATING MODEL AND COST STRUCTURE