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BRIEF-Joyce Corp Provides Trading Update

Published 17/06/2020, 07:40 pm
Updated 17/06/2020, 07:42 pm
© Reuters.

June 17 (Reuters) - Joyce Corporation Ltd JYC.AX :

* FURTHER TO ANNOUNCEMENT 29 MAY, CONTINUE TO SEE STRONG & ENCOURAGING LEVELS OF ORDERS FOR PRODUCTS IN BEDROOM & KITCHEN SPACES

* TO SELL JOYCE INTERNATIONAL PTY REMAINING 46% INTEREST IN LLOYDS ONLINE AUCTIONS PTY TO JACQST ENTERPRISES PTY

* DEAL FOR $3.8 MILLION

* BOARD BELIEVE IT TO BE PRUDENT TO REINSTATE FULL PAY TO JOYCE MEMBERS AFFECTED BY DEFERRED PAY, BACKDATING RE-INSTATEMENT TO 1 JUN

* POST MAY 29 ANNOUNCEMENT, SALES LEVELS REPRESENT A SIGNIFICANT IMPROVEMENT VERSUS APRIL

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