News: EML EML Payments Announces Trading Update And Guidance Suspension

March 19 (Reuters) - EML Payments Ltd (EML) :

• TRADING UPDATE AND GUIDANCE SUSPENSION
• TRADING FOR FIRST EIGHT MONTHS OF YEAR TO 29 FEBRUARY HAS BEEN STRONG AND IN LINE WITH UPPER END OF GUIDANCE RANGE
• MADE DECISION TO SUSPEND FORWARD EARNINGS GUIDANCE FOR YEAR ENDING 30 JUNE 2020
• AS OF MID-MARCH GROUP HAS NOT EXPERIENCED MATERIALLY ADVERSE TRADING CONDITIONS
• GROSS DEBIT VOLUME OF $8.71B (+58% OVER PCP) FOR FIRST EIGHT MONTHS OF YEAR TO 29 FEBRUARY
• REVENUE OF $79.6M (+25% OVER PCP) FOR FIRST EIGHT MONTHS OF YEAR TO 29 FEBRUARY
• EBITDA OF $25.3M (+34% OVER PCP) FOR FIRST EIGHT MONTHS OF YEAR TO 29 FEBRUARY
• HAS NO PLANS TO UNDERTAKE CAPITAL RAISE IN FORESEEABLE FUTURE
• LOWER CENTRAL BANK INTEREST RATES EXPECTED TO NEGATIVELY IMPACT GROSS PROFIT BY $0.6M THROUGH TO 30 JUNE 2020

Source text https://reut.rs/3a2uUkb

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