PRELIMINARY 30 JUNE 2020 BUSINESS UPDATE DELIVERS SOLID PERFORMANCE…
(WorldNews Japan)

Company Highlights Core Business (preliminary unaudited data) Positive EBITDA for FY20 should result from immediate expense mitigation measures taken and various Government assistance obtained Cash ahead of expectations at 30 June 2020 at $6.5m ($3.3m at 31 December 2019) Additional bank borrowing facilities in Australia and Germany were secured, with unused bank borrowing facilities of $3.5m at 30 June 2020 H2 revenues at about $17m not significantly lower than H1 revenues of $18.3m despite most of the Company`s key markets being affected by COVID-19 pandemic during Q4. As a result, revenues for FY20 are approximately $35.3m, down 15% compared to FY19 of $41.5m China based revenues down 43%...