Sept 29 (Reuters) - Programmed Maintenance Services Ltd (PRG)
- FY17 EBITDA is now projected to be approximately $100 mln (previous guidance $120 mln)
- Net reduction in revenue will lead to lower earnings in year to 31 march 2017 than previous guidance
- Net debt is projected to be less than $200 mln at march 2017
- Has concluded that in short term revenue growth in staffing business will now not offset steep decline in marine business
- Further redundancies have been made and offshore / marine business has been merged into a single larger operations
News: PRG Programmed Maintenance lowers FY17 EBITDA forecast to about $100 mln
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