HNG 3.57% 29.0¢ hancock & gore ltd

News: HNG HGL Ltd sees FY statutory NPBT in range of $2.0 mln - $2.4 mln

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    Sept 26 (Reuters) - HGL Ltd (HNG)

    • Statutory net profit before tax for year to 30 september 2017 is expected to be in range $2.0 million to $2.4 million
    • FY underlying net profit before tax is anticipated to be in range of $2.0 million to $2.5 million
    • "significant decrease in both sales and profit in Leutenegger and Biante compared to 2016 has negatively impacted overall group result"
    • Unit's purchase of Intralux Australia expected to be EPS accretive in FY2018
    • Undertaking a strategic review considering long term viability of key product categories within Leutenegger arts and crafts business
 
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