News: MYE Metarock Group Says Fy2022 Statutory Net Loss After Tax Of A$12.6 Million

Aug 30 (Reuters) - Metarock (MYE) :

• FY2022 STATUTORY NET LOSS AFTER TAX OF A$12.6 MILLION VERSUS A$5.9 MILLION
• FY REVENUE OF A$452.7 MILLION, UP 94.2%
• DIVERSIFICATION WILL DELIVER FURTHER REVENUE AND EARNINGS GROWTH IN FY2023 AND BEYOND
• FY2023 REVENUE IS FORECAST AT A$600-A$650 MILLION
• SEES FY2023 EBITDA AT A$50-A$55 MILLION
• COAL MINE DIVISION WILL STABILISE AND DEFERRAL OF CAPITAL TO ENSURE BETTER POSITIONED TO RAMP UP PRODUCTION FROM JULY 2023
• REVENUE AND MARGIN CONTRIBUTION FROM CRINUM CONTRACT REMAINS UNCHANGED BUT WILL PUSH OUT TO FY2024
• PLAN TO A$30 MILLION OF CAPITAL RECOVERY OF CRINUM EQUIPMENT IN 1H FY2023 WILL REDUCE DEBT LEVELS