Avanti Communications Group PLC provided preliminary earnings guidance for the fiscal 2014. Revenues are expected to be in line with market expectations in the range of $64 million - $65 million. However, profit before tax will be lower than consensus with approximately half of the variance resulting from bond refinancing costs of $7 million and the balance attributed to exchange rate changes, year end provisioning and set up costs on large new projects.
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- Avanti Communications Group PLC Provides Preliminary Earnings Guidance for the Fiscal 2014