News: ICQ Icar Asia Expects FY20 Revenue Currently Expected To Grow By 50% Or More Y-O-Y

Dec 4 (Reuters) - Icar Asia Ltd (ICQ) :

• 2020 WILL BE A STRONG YEAR FOR ICAR ASIA WITH REVENUE CURRENTLY EXPECTED TO GROW BY 50% OR MORE ON A YEAR TO YEAR BASIS
• REACHES EBITDA BREAKEVEN IN NOVEMBER 2019
• GROUP IS EXPECTED TO BECOME CASH FLOW POSITIVE IN SECOND HALF OF 2020
• EXPECTED TO BE EBITDA POSITIVE IN AGGREGATE FOR FY 2020