Recently, AGI provided guidance to ASX for 2HFY18 Profit Before Tax, excluding currency movements to be around $20 million and for Profit Before Tax for the full year FY18, excluding currency movements, to be approximately $36 million.
Ainsworth is pleased to confirm the Churchill Downs Inc (CDI) order has been delivered and will be recognized in the FY18 financial results. As a result, guidance for 2H FY18 and for the full year FY18 are affirmed. Mr. Danny Gladstone, CEO said,” We are pleased to complete the sale to CDI in this financial year and affirm guidance. CDI is an excellent partner for Ainsworth in the North American market and we look forward to working closely with them.”
FY18 full year results are due to be released to ASX after market close on 29 August 2018. Ainsworth is also pleased to announce that its established debt facility with the Australia and New Zealand Banking Group Limited (ANZ) has been extended through to September 2021. The previous expiry date was March 2019. The extended facility is for the same size loan and on similar commercial terms. The company was seen to be trading at $1.065, up 5.5% as at July 03, 2018, post mid-day trading, and the stock has seen a performance change of negative 53.67% over the past 12 months.
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