🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-CommsChoice Group Announces Plans To Restructure Sales And Customer Operations Areas

Published 11/06/2019, 11:26 am
Updated 11/06/2019, 11:30 am
© Reuters.  BRIEF-CommsChoice Group Announces Plans To Restructure Sales And Customer Operations Areas
CCG
-

June 11 (Reuters) - CommsChoice Group Ltd CCG.AX :

* ANNOUNCES PLANS TO RESTRUCTURE ITS SALES AND CUSTOMER OPERATIONS AREAS

* RESTRUCTURE OF AUSTRALIAN OPERATIONS REMOVING NON-CORE COSTS FROM OPERATIONS AND SALES AREAS IN AUSTRALIA

* RESULT OF PROPOSED INITIATIVES IS

EXPECTED TO RESULT IN TOTAL ANNUALISED COST SAVINGS OF ABOUT $2.0M

* EXPECTS TO RECOGNISE APPROXIMATELY$18.4M OF COSTS RELATED TO THE RESTRUCTURE

* ANTICIPATES FY19 REVENUE IN RANGE OF $19.5M TO $20.5M AND UNDERLYING EBITDA (EXCLUDING RESTRUCTURING COSTS) OF ABOUT $0.1M

* SEES FY20 REVENUE IN THE RANGE OF $20M TO $21M AND UNDERLYING EBITDA OF BETWEEN $1.8M TO $2.2M

* UNDERTAKING EQUITY CAPITAL RAISING TO RAISE ABOUT $1 MILLION, FOLLOWED BY SHARE

PURCHASE PLAN PARTIALLY UNDERWRITTEN TO $1.0 MILLION

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.