Cardno Limited Provides FY20 Guidance Update, Stock Skyrockets ~51%

  • Jul 25, 2020 AEST
  • Team Kalkine

Cardno Limited (ASX:CDD) provided the following update on its FY20 guidance and financial results.

  • FY2020 operating EBITDA to be in the range of A$41-A$43 million.
  • Net cash from operating activities (before interest and tax) anticipated to be nearly A$52 million.
  • Cardno expects a net debt of almost A$1 million.

The full-year results for FY20 shall be announced on 26 August 2020, where Cardno shall also provide an outlook for the fiscal year 2021.

Post announcement, CDD last quoted at A$0.340, up by 51.111% on 24 July 2020.


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