News: UGL UGL says on track to achieve FY2016 guidance of $2.3 billion revenue

Feb 22 (Reuters) - UGL Ltd (UGL) :

• Says no dividend will be declared in FY 2016
• Says on track to achieve FY 2016 guidance of $2.3 billion revenue and 3% EBIT margin
• Says expect to achieve our revenue guidance of $2.3 billion for the full year.
• Says continue to expect a step change in revenue in FY 2017, with an increase of at least $300 million
• Full year EBIT will further benefit from a one-off $5.7 million fx gain realised in the first half relating to repayment of uspp debt
• Says also remain on track to deliver our EBIT margin guidance of 3% for FY 2016
• Says expect the second half of the 2016 financial year to be in line with the first half