SRF 0.00% 0.0¢ surfstitch group limited

News: SRF Surfstitch says pro-forma EBITDA for FY 2016 is likely to be a loss

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    June 8 (Reuters) - Surfstitch Group Ltd (SRF) :

    • Pro-forma EBITDA for FY 2016 is likely to be a loss, in the range of $17.3

      million to $18.3 million

    • $20.3 million of revenue will be reversed and reflected in the full year

      results

    • Surfstitch expects to return to profitability and be cash-flow positive

      during FY 2017

    • Appointment of Mike Sonand as group CEO with immediate effect.
                        
 
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Currently unlisted public company.

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