🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

REFILE-BRIEF-UGL updates on commercial negotiations

Published 06/06/2016, 10:22 am
© Reuters.  REFILE-BRIEF-UGL updates on commercial negotiations
UGL
-

(Refiles to add Eikon source text ID)

June 6 (Reuters) - June 5 (Reuters) - UGL Ltd UGL.AX :

* Update on commercial negotiations - Ichthys SMP & CCPP UGL.AX

* Substantial claims have been raised with JKC on both SMP and CCPP

* Excluding the Ichthys projects, UGL is on track to achieve 3% EBIT margins plus $5.7M FX gain in FY 2016

* Excluding Ichthys projects, UGL is on track to achieve 4% EBIT margins on increased revenue of at least $300 million in FY 2017

* UGL has updated its FY 2016 and FY 2017 earnings guidance to exclude any margin from SMP project

* Construction of Ichthys SMP and CCPP projects being undertaken by UGL continues to experience substantial delays

* Full year EBIT will benefit from the one-off FX gain of $5.7 million realised in HY16

* Remains on track to deliver 3% EBIT margins on around $2.0 billion of revenue in FY 2016

Source text for Eikon ID:nASX2lDgPh

For more news, please click here UGL.AX

Bengaluru Newsroom; +91 80 6749 1130

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.