Feb 22 (Reuters) - Automotive Holdings Group Ltd AHG.AX :
* HY REVENUES FROM ORDINARY ACTIVITIES UP 1.7% TO $3.22 BILLION
* COMPANY HAS A NEAR‐TERM TARGET OF A FURTHER $23 MILLION IN RECURRING COST REDUCTIONS FOR FY2020
* AHG ADVISES ITS FORECAST FOR FULL‐YEAR OPERATING NPAT IS NOW IN RANGE OF $52 MILLION TO $56 MILLION
* AUTOMOTIVE HOLDINGS GROUP - CO HAS TAKEN DECISION TO CLOSE A NUMBER OF UNDER‐PERFORMING BUSINESSES, REFLECTED IN UNUSUAL ITEMS FOR PERIOD
* HY LOSS ATTRIBUTABLE $225.6 MILLION VERSUS PROFIT OF $40.7 MILLION
* ANNOUNCES TEMPORARY SUSPENSION OF EXISTING DIVIDEND POLICY OF 65% TO 75% OF OPERATING PROFIT AFTER TAX
* AUTOMOTIVE HOLDINGS - COMMENCED STRATEGIC REVIEW OF CO'S REFRIGERATED LOGISTICS BUSINESS; APPOINTED UBS, LUMINIS PARTNERS AS JOINT FINANCIAL ADVISERS
* SEES FY OPERATING NPAT $52 MILLION TO $56 MILLION