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BRIEF-Wellard Ltd updates on banking covenant breaches

Published 03/01/2017, 02:40 pm
Updated 03/01/2017, 02:50 pm
© Reuters.  BRIEF-Wellard Ltd updates on banking covenant breaches
WLD
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Jan 3 (Reuters) - Wellard Ltd WLD.AX

* advises that anticipated december 31 banking covenant breaches have occurred

* working with finance providers to address issue by way of waiver or amendment of relevant financial covenants

* subdued trading conditions in h1 of fy2017 will result in loss, improving trading conditions expected to produce profit in h2 Source text for Eikon: ID:nASXXwrQV Further company coverage: WLD.AX

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