Sunday , September 22 2019
Home / australia / Melbourne IT, current Arq, drop 36p in income cuts

Melbourne IT, current Arq, drop 36p in income cuts



Traffic jam expert GTN, And provides traffic updates to the radio and television stations included in the ad. Interest, taxes, depreciation and amortization will be between $ 37 million and $ 38 million, 23 percent lower than the previous year's $ 48.1 million. The cash balance is $ 49.4 million.

The Board of Directors maintains a dividend policy that pays 90% of dividends from after-tax profits. And after a year's turnover of about $ 19 million, we will resume stock buying. The final share price was $ 1.03.

The decrease in income 7% revenue reduction in Australia's largest market, Canada, Brazil and the United Kingdom, sales are expected to remain steady at about $ 185 million. The company recently hired managers to sell more Australian Traffic Network products. Thanks to the Rogers Toronto partnership agreement, we have seen an increase in Canadian revenue, and we expect to see an increase in earnings in 2019-20. Local currency depreciation will increase imports in Brazil, but costs are high due to the Campinas and Brasilia markets.

GTN provides traffic information for radio and TV stations.

GTN provides traffic information for radio and TV stations. credit:Roger Stone House


Source link