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BRIEF-MNF Group to acquire Conference Call International

Published 01/02/2017, 09:26 am
Updated 01/02/2017, 09:30 am
BRIEF-MNF Group to acquire Conference Call International
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Feb 1 (Reuters) - Mnf Group Ltd MNF.AX :

* Has entered into an agreement to acquire Conference Call International

* CCI business is on track to earn $3.5m ebitda in fy17, a 17% increase on prior year

* MNF has funded acquisition by raising $18.6m

* MNF group is expecting to earn $22.3m EBITDA and $11.0m npat in fy17

* MNF would like to re-affirm its current organic earnings guidance for fy17

* CCI acquisition will be marginally EPS accretive in fy17 Source text for Eikon: ID:nASX1FsBbT Further company coverage: MNF.AX

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