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BRIEF-PMP Posts Net Loss After Significant Items Of $43.8 Million

Published 30/08/2018, 10:55 am
© Reuters.  BRIEF-PMP Posts Net Loss After Significant Items Of $43.8 Million
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Aug 30 (Reuters) - PMP Ltd PMP.AX :

* "FY19 Q1 TRADING IN LINE WITH EXPECTATIONS"

* FY STATUTORY SALES REVENUE $734 MILLION, UP 21.9%

* FY NET LOSS AFTER SIGNIFICANT ITEMS $43.8 MILLION VERSUS LOSS OF $126.4 MILLION

* EARLY INDICATIONS OF FY19 TRADING INDICATE PRINT AND DISTRIBUTION VOLUMES FOR Q1 ARE IN LINE WITH EXPECTATIONS

* IN FY19 FULL YEAR IMPACT OF EXPECTED ADDITIONAL POST-MERGER SAVINGS WILL BE REALISED

* IN FY19 EXPECTED ADDITIONAL POST-MERGER SAVINGS WILL BE LARGELY OFFSET BY LOWER PRINT VOLUMES MAINLY IN NEWSPAPERS AND MAGAZINES

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