July 2 (Reuters) - Empired Ltd (EPD) : EMPIRED EXPECTS REVENUE...

July 2 (Reuters) - Empired Ltd (EPD) :

• EMPIRED EXPECTS REVENUE GROWTH IN FY20
• FY19 REVENUE IS EXPECTED TO BE IN RANGE OF $174M TO $177M
• UNDERLYING EBITDA IS EXPECTED TO BE IN RANGE OF $15.2M TO $15.8M IN FY19
• CO IN ADVANCED STAGES OF FINALISING NEW CONTRACTUAL ARRANGEMENTS WITH RECURRING MANAGED SERVICES CLIENTS EXPECTED TO COMMENCE IN Q2.
• EXPECTS NET DEBT TO BE $14.3M, AT 30 JUNE 2019
• A COST REDUCTION PROGRAMME HAS COMMENCED THAT WILL BE DELIVERED ACROSS FY20
• CONFIRMS COMMENCEMENT OF AN ON-MARKET SHARE BUY-BACK INITIATED ON JULY 2

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