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BRIEF-Bingo Industries Sees Underlying EDITDA In Range Of $159 To $164 Mln For FY Ending 30 June 2020

Published 13/11/2019, 08:44 am
© Reuters.  BRIEF-Bingo Industries Sees Underlying EDITDA In Range Of $159 To $164 Mln For FY Ending 30 June 2020
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Nov 13 (Reuters) - Bingo Industries Ltd BIN.AX :

* EXPECTS TO REPORT UNDERLYING EDITDA IN RANGE OF $159 - $164 MILLION FOR FINANCIAL YEAR ENDING 30 JUNE 2020

* HEADWINDS IN RESIDENTIAL CONSTRUCTION ARE EXPECTED TO CONTINUE THROUGHOUT FY20

* NON-CORE ASSET SALES CONTINUE AND ARE EXPECTED TO RETURN A FURTHER $30 MILLION IN CAPITAL IN FY20

* CFO ANTHONY STORY STATED INTENTION TO RETIRE AND EFFECTIVE FROM NOV 13 WILL BE STEPPING DOWN FROM ROLE

* INTEGRATION OF DIAL A DUMP IS WELL PROGRESSED WITH COST SYNERGIES OF $15 MILLION TO BE REALISED EQUALLY OVER 2 YEARS

* CHRIS JEFFREY WILL TAKE ON AN EXPANDED ROLE COMBINING CHIEF FINANCIAL OFFICER ROLE

* MD AND CEO DANIEL TARTAK INTENDS TO INCREASE ECONOMIC INTEREST IN BINGO FROM 15.19% TO 19.83% Source: https:// Further company coverage: BIN.AX

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