VRL 3.29% $2.06 village roadshow limited

July 10 (Reuters) - Village Roadshow Ltd (VRL) : EXPECTS TO...

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    July 10 (Reuters) - Village Roadshow Ltd (VRL) :

    • EXPECTS TO REPORT FY18F EBITDA OF $88 - $92 MILLION, AND ADJUSTED FY18F EBITDA OF $98 –$102 MILLION
    • LAUNCHES 5 FOR 26 ENTITLEMENT OFFER TO RAISE ABOUT $51 MILLION AT OFFER PRICE OF $1.65 PER NEW SHARE
    • EXPECTS FY18F CAPITAL EXPENDITURE TO BE ABOUT $87 MILLION
    • FY18F ATTRIBUTABLE LOSS AFTER TAX IS EXPECTED TO BE BETWEEN $10 MILLION TO $6 MILLION
    • FOLLOWING REVIEW OF BUSINESS, EXPECTS NON-CASH ASSET IMPAIRMENT OF ABOUT $166 MILLION (PRE-TAX) RECOGNISED IN FY18 RESULTS
    • ALSO EXPECTS TO INCUR RESTRUCTURING COSTS OF ABOUT $9 MILLION IN FY18
    • SEES FY19 BUDGETED CAPITAL EXPENDITURE OF ABOUT $50 MILLION
 
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