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BRIEF-Globe Int'l Says FY20 EBIT Will Likely Be Negatively Impacted By Number Of Global Factors

Published 24/10/2019, 06:01 pm
© Reuters.  BRIEF-Globe Int'l Says FY20 EBIT Will Likely Be Negatively Impacted By Number Of Global Factors
GLB
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Oct 24 (Reuters) - Globe International Ltd GLB.AX :

* IN FY20, EXPECTS TO EARN REVENUES SIMILAR TO THOSE WHICH WERE EARNED IN FY19

* DOES NOT EXPECT THAT THESE EXTERNAL HEADWINDS WILL DIMINISH DURING FY20, OR FOR FORESEEABLE FUTURE

* FY20 EBIT WILL LIKELY BE NEGATIVELY IMPACTED BY NUMBER OF GLOBAL FACTORS WHICH ARE PUTTING DOWNWARD PRESSURE ON PROFITABILITY

* ESTIMATE THAT EBIT IN 2020 FINANCIAL YEAR WILL BE SLIGHTLY LOWER THAN PREVIOUS YEAR

* FY20 NPAT IS EXPECTED TO BE FURTHER DOWN DUE TO INCREASE IN INCOME TAX EXPENSE.

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