MIL millennium services group limited
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May 26 (Reuters) - Millennium Services Group Ltd (MIL) :...

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    26/05/20
    11:05
    Post #: 44836117

    May 26 (Reuters) - Millennium Services Group Ltd (MIL) :

    • REVENUE FOR 2HFY20 TO BE ABOUT 15%-20% LOWER
    • 2HFY20 EBITDA IMPACT EXPECTED TO BE LESS THAN IMPACT ON REVENUE
    • QUALIFIED FOR JOB KEEPER IN AUSTRALIA & WAGE SUBSIDY PROGRAM IN NZ
    • GROSS MARGIN FOR 2HFY20 ANTICIPATED TO REDUCE BY ABOUT 200 TO 250 BASIS POINTS
    • STOOD DOWN ABOUT 30% OF ITS WORKFORCE IN RESPONSE TO CLIENT SERVICE REDUCTIONS
    • REVENUE IMPACTED DURING LAST QUARTER OF FY20 BY TEMPORARY SERVICE REDUCTIONS FROM CUSTOMERS
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