McMillan Shakespeare Group (ASX: MMS) has announced that it is experiencing more challenging market conditions in Australia, New Zealand and the United Kingdom than expected.
The company believes that the negative impact they are having on business and consumer confidence is likely to persist for at least the remainder of FY20.
MMS would continue to grow its customer base in Group Remuneration Services, in both salary packaging and novated leasing.
The company is expecting the underlying net profit after tax for FY20 to be in the range of $83-$87 million and would announce its first-half FY20 financial results on 19 February 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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