MRG murray river organics group limited
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News: MRG Murray River Organics Sees FY20 EBITDA-SL Loss Of Between $5 Mln To $8 Mln

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    21/11/19
    09:20
    Post #: 41546833

    Nov 21 (Reuters) - Murray River Organics Ltd (MRG) :

    • NOW ANTICIPATED THAT MRG WILL RECORD AN FY20 EBITDA-SL LOSS OF BETWEEN $5 MILLION TO $8 MILLION
    • ADDITIONAL IMPACTS OF WATER COSTS, CITRUS PRICING, DELAYS IN SOME NEW PRODUCT LAUNCHES RESULTED IN REVISED GUIDANCE FOR FY20
    • HAS ONGOING WATER CONTRACTS FOR ABOUT 70% OF REQUIREMENTS, BUT CURRENT SEASONAL DETERMINATION IS 48% DUE TO DROUGHT CONDITIONS
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