$69 postpage LB

Gale Pacific Increases its Loss Expectations for 1H

  • January 24, 2020 01:35 PM AEDT
  • Team Kalkine

Gale Pacific Limited (ASX: GAP) expects profit before tax for the half year ending 31 December 2019 to be a loss of about $3.6 million, compared to earlier guidance of a loss of between $1.5 million and $1.8 million, and a profit before tax of $1.3 million for the previous corresponding period.

  • The main reasons for the decline from the previous guidance are lower than anticipated sales in the Middle East North Africa (MENA) region;
  • The company has been facing difficult trading condition and tighter credit policy in that region.

At AEST 01:11PM, the stock was trading at $0.235 per share, down by 11.321% from its previous close.

Gold MTF non-AMP

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK