SGR 0.00% 45.0¢ the star entertainment group limited

June 24 (Reuters) - Star Entertainment Group Ltd (SGR) :...

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    June 24 (Reuters) - Star Entertainment Group Ltd (SGR) :

    • CURRENT TRADING CONDITIONS REFLECT CHALLENGING ECONOMIC ENVIRONMENT AND COST OF LIVING PRESSURES
    • EXPECTS GROUP REVENUE FOR FY24 TO BE BETWEEN A$1,675 MILLION AND A$1,685 MILLION
    • STAR ENTERTAINMENT SEES FY24 NORMALISED GROUP EBITDA TO BE IN RANGE OF A$165 MILLION TO A$180 MILLION
    • WILL SEEK TO EXPEDITE A RANGE OF INITIATIVES TO FURTHER REDUCE OPERATING COST BASE OF GROUP
    • NEGOTIATIONS FOR SALE OF ASSETS INCLUDING THE TREASURY CASINO, HOTEL AND CAR PARK CONTINUE TO PROGRESS
    • GROUP REVENUE FOR Q4 FY24 IS EXPECTED TO BE 4.3% BELOW PREVIOUS QUARTER
    • HAS ALSO COMMENCED A PROCESS TO SELL THE FESTIVAL CAR PARK IN BRISBANE

 
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