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BRIEF-Helloworld updates on AOT Group merger

Published 04/05/2016, 09:45 am
Updated 04/05/2016, 10:00 am
© Reuters.  BRIEF-Helloworld updates on AOT Group merger
HLO
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May 4 (Reuters) - Helloworld Ltd HLO.AX :

* Merger update HLO.AX

* Helloworld advised that $13.2 million of synergies have now been identified

to date

* On target to exceed the original $7.6 million of synergies estimated in the

explanatory memorandum prior to the merger

* Further advises that cost savings on an annualised basis totalling $3.9

million have been identified and are currently being actioned

* Expect to see a very positive upward trend in earnings in FY 2017

* Was on track to achieve significantly improved result in FY 2017 through a combination of tight cost control, margin growth and improved TTV

* Source text for Eikon ID:nASX562xVR

*

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