NVT navitas limited
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News: NVT Navitas To Rationalise Careers And Industry Division

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    18/07/18
    09:55
    Post #: 34412475

    July 18 (Reuters) - Navitas Ltd (NVT) :

    • NAVITAS TO RATIONALISE CAREERS AND INDUSTRY DIVISION
    • CO WILL UNDERTAKE A RATIONALISATION PROGRAM TO ADDRESS PROFITABILITY OF PARTS OF ITS PORTFOLIO
    • SUBJECT TO FINAL AUDIT REVIEW, ONE-OFF CHARGES WILL TOTAL ABOUT $130M POST TAX
    • NAVITAS' UNAUDITED FY18 EBITDA RESULT PRIOR TO THESE ONE-OFF CHARGES ARE IN LINE WITH MARKET EXPECTATIONS
    • AN INCREMENTAL CASH IMPACT OF FY18 CHARGES OF APPROXIMATELY $5M WILL BE INCURRED IN FY19
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