DRA 0.00% $1.95 dra global limited

News: DRA Dra Global Gives Trading Update And Earnings Guidance

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    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
 
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