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BRIEF-CabCharge Australia HY revenue down 10.7 pct

Published 24/02/2017, 09:13 am
© Reuters.  BRIEF-CabCharge Australia HY revenue down 10.7 pct
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Feb 24 (Reuters) - Cabcharge Australia Ltd CAB.AX

* HY revenue down 10.7 pct to $79.1 million

* HY loss for period from continuing operations attributable to owners of company down 211.8pct to $18.2 million

* Interim dividend (current period) 10¢ per share

* Special dividend (current period) 80¢ per share

* Company entered into an agreement to acquire business operations trading as yellow cabs queensland for $20 million

* Yellow cabs operations expected to contribute revenue of about $40 million and ebitda of $3.5 million to $4 million per annum.

* Company entered into an agreement to sell a property in newcastle for $3 million

* Expects to recognise a $1.7 million pre-tax gain on sale of newcastle business premises Source text for Eikon: ID:nASX44QZ4j Further company coverage: CAB.AX

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