Phoslock Environmental Technologies Reported FY 2019 Guidance

  • Oct 31, 2019 AEDT
  • Team Kalkine

Phoslock Environmental Technologies Limited (ASX: PET) has provided a forecast for FY 2019 sales and net profit before tax before option expense. The forecast has been made for the period from 1 October to 31 December 2019.

  • FY 2019 forecast sales would in between $27 million to $30 million.
  • FY 2019 forecast net profit before tax before option expense would be in the range of $6 million to $8 million.

At last quarter-end on 30 September 2019, the company had cash of $14.6 million with net assets of $29 million and no debt.

By 1:01 PM AEST, PET was trading at $1.02, up by 7.37% relative to the last close.

 

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