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BRIEF-Reliance Worldwide Corp Says EBITDA For FY18 Expected To Be Within Guidance Range

Published 08/08/2018, 09:41 am
Updated 08/08/2018, 09:50 am
© Reuters.  BRIEF-Reliance Worldwide Corp Says EBITDA For FY18 Expected To Be Within Guidance Range
RWC
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Aug 8 (Reuters) - Reliance Worldwide Corporation Ltd RWC.AX :

* EBITDA FOR FY2018 IS STILL EXPECTED TO BE WITHIN GUIDANCE RANGE PREVIOUSLY ADVISED OF $150 MILLION TO $155 MILLION

* ESTIMATED IMPACT FOR FY2019 IS EXPECTED TO BE LESS THAN US$1.5 MILLION

* FY2018 IS STILL EXPECTED TO BE WITHIN GUIDANCE RANGE PREVIOUSLY ADVISED OF $150 MILLION TO $155 MILLION

* FOLLOWING REVIEW, RWC WILL RAISE A ONE‐TIME CHARGE OF US$4.5 MILLION AGAINST ITS FY2018 EBITDA

* EXPECTS PROFIT IMPACT OF ANY FURTHER IMPORT DUTY CHANGES WILL NOT BE MATERIAL

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