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BRIEF-YPB Group Says 2018 Profitability Not Probable

Published 31/08/2018, 05:27 pm
© Reuters.  BRIEF-YPB Group Says 2018 Profitability Not Probable
YPB
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Aug 31 (Reuters) - YPB Group Ltd YPB.AX :

* H2 2018 SHOULD SEE A CLEARLY IMPROVED FINANCIAL PERFORMANCE OVER H1 WITH FASTER NEW CLIENT FLOWS AND REVENUE GROWTH

* CULTURAL AND OPERATIONAL INERTIA AT BUSINESS COALFACE HAS TAKEN LONGER TO RECTIFY THAN EXPECTED

* WHILE 2018 PROFITABILITY IS STILL POSSIBLE IF OPPORTUNITIES IN PROGRESS CLOSE AND CONTRIBUTE REVENUE IN H2 2018, IT IS NOT PROBABLE

* RETAINS A FIRM GOAL OF ACHIEVING PROFITABILITY AND EXPECTS THAT TO OCCUR IN 2019

* HY LOSS AFTER INCOME TAX BENEFIT ATTRIBUTABLE TO OWNERS $4.3 MILLION VERSUS LOSS OF $7.7 MILLION

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