News: LFS Latitude Group Says FY23 Cash NPAT Will Be Adversely Impacted By Reduced 1H Earnings

May 26 (Reuters) - Latitude Group Holdings Ltd (LFS) :

• CASH NPAT FOR FY23 WILL BE ADVERSELY IMPACTED BY REDUCED FIRST HALF EARNINGS
• LATITUDE WILL MAKE A PROVISION FOR COSTS ASSOCIATED WITH CYBER INCIDENT IN FY23
• UNLIKELY THAT LATITUDE WILL DECLARE A DIVIDEND FOR SIX MONTHS TO 30 JUNE
• NO SUSPICIOUS ACTIVITY HAS BEEN OBSERVED IN OUR SYSTEMS SINCE 16 MARCH
• CASH NPAT FOR FY23 LIKELY TO BE IN RANGE OF A$15M TO A$25M
• ANTICIPATES IT WILL RECOGNISE A$53M AFTER TAX IN 1H23, WHICH INCLUDES BOTH COSTS INCURRED AND A PROVISION OF A$46M AFTER TAX
• 1H23 STATUTORY LOSS AFTER TAX FROM CONTINUING OPERATIONS IS FORECAST TO BE IN RANGE OF A$95M TO A$105M
• FULL YEAR STATUTORY RESULT ALSO EXPECTED TO BE A LOSS
• EXTENSIVE FURTHER ENQUIRIES FROM REGULATORS ARE EXPECTED OVER COMING MONTHS