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BRIEF-Millennium Services Group Says Revenue For 2H FY20 To Be About 15%-20% Lower

Published 26/05/2020, 11:04 am
Updated 26/05/2020, 11:06 am

May 26 (Reuters) - Millennium Services Group Ltd MIL.AX :

* REVENUE FOR 2HFY20 TO BE ABOUT 15%-20% LOWER

* 2HFY20 EBITDA IMPACT EXPECTED TO BE LESS THAN IMPACT ON REVENUE

* QUALIFIED FOR JOB KEEPER IN AUSTRALIA & WAGE SUBSIDY PROGRAM IN NZ

* GROSS MARGIN FOR 2HFY20 ANTICIPATED TO REDUCE BY ABOUT 200 TO 250 BASIS POINTS

* STOOD DOWN ABOUT 30% OF ITS WORKFORCE IN RESPONSE TO CLIENT SERVICE REDUCTIONS

* REVENUE IMPACTED DURING LAST QUARTER OF FY20 BY TEMPORARY SERVICE REDUCTIONS FROM CUSTOMERS

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