May 2 (Reuters) - Cardno Ltd CDD.AX :
* Cardno provides market update and FY 2016 guidance CDD.AX
* Cardno expects FY 2016 EBITDA of between A$40 million and A$45 million for
the full year ended 30 June 2016 post the atc divestiture last November
* Second half performance has not met expectations as certain clients have
delayed project awards
* Cardno expects FY 2016 EBITDA of between A$40 million and A$45 million for
the full year ended 30 June 2016
* Company is exploring whether it will need to implement a capital raising
prior to the end of the financial year
* Company does not require capital to fund its operations
* Cardno -co anticipates need for non-cash impairment charge in relation to
intangible assets in americas business as consequence of region's
underperformance
* Source text for Eikon ID:nASX2wK0Cw