IncentiaPay Limited Announces Update to the Financial Accounts for the Six Month Period Ended December 31, 2017; Reaffirms Earnings Outlook for the Second Half of Fiscal Year 2018; Provides Earnings Guidance for the Fiscal Years 2018 and 2019
The company reported that trading in the second half of fiscal year 2018 has been broadly in line with previous forecasts. This turnaround is the result of an ongoing focus on the execution of the restructuring program. As a result of the above, the Company expects the second half result to be broadly in line with prior guidance.
The company therefore expects to deliver a fiscal year 2018 Underlying EBITDA profit of $1.0 million - $2.0 million, subject to finalisation of the audited full year accounts.
The company expects fiscal year 2019 underlying EBITDA of $9.0 million $11.0 million.