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BRIEF-UGL says on track to achieve FY2016 guidance of $2.3 billion revenue

Published 22/02/2016, 09:14 am
© Reuters. BRIEF-UGL says on track to achieve FY2016 guidance of $2.3 billion revenue
UGL
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Feb 22 (Reuters) - UGL Ltd UGL.AX :

* Says no dividend will be declared in FY 2016

* Says on track to achieve FY 2016 guidance of $2.3 billion revenue and 3% EBIT margin

* Says expect to achieve our revenue guidance of $2.3 billion for the full year.

* Says continue to expect a step change in revenue in FY 2017, with an increase of at least $300 million

* Full year EBIT will further benefit from a one-off $5.7 million fx gain realised in the first half relating to repayment of uspp debt

* Says also remain on track to deliver our EBIT margin guidance of 3% for FY 2016

* Says expect the second half of the 2016 financial year to be in line with the first half

* Source text for Eikon ID:nASX66BWGz

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