June 30 (Reuters) - Isentia Group Ltd (ISD) : ISENTIA GROUP...

June 30 (Reuters) - Isentia Group Ltd (ISD) :

• ISENTIA GROUP LTD- WILL CLOSE ITS NORTH ASIAN OPERATIONS
• ISENTIA GROUP LTD - ENTERED INTO A STRATEGIC ALLIANCE WITH WISERS INFORMATION LTD
• ISENTIA GROUP LTD SEES ONE-OFF NET CASH CLOSURE COSTS OF $3M TO $4M OVER NEXT 12 MONTHS, PRIMARILY IN H1 FY2021
• ISENTIA GROUP- REACHED AGREEMENT TO SELL ITS STAKE IN KOREAN BUSINESS TO LOCAL PARTNER AND WILL EXIT THIS MARKET
• ISENTIA GROUP LTD SEES NON-CASH IMPAIRMENT AGAINST CARRYING VALUE OF NORTH ASIAN ASSETS WHICH IS CURRENTLY BEING DETERMINED
• ISENTIA GROUP LTD - EXIT IS EXPECTED TO RESULT IN ONE-OFF NET CASH CLOSURE COSTS OF $3M TO $4M WHICH WILL BE INCURRED PRIMARILY IN H1 FY2021
• ISENTIA GROUP LTD - IN FY2020, NORTH ASIA IS EXPECTED TO CONTRIBUTE $8.7M IN REVENUE AND AN EBITDA LOSS OF $1.3M
• ISENTIA GROUP- EXPECTS UNDERLYING EBITDA IN FY2020 TO BE IN RANGE OF $20M TO $21M