June 10, 2020 / 3:18 PM / 22 days ago

BRIEF-Reunert Sees HY Headline Loss Per Share Of Between 72 Cents And 80 Cents

June 10 (Reuters) - Reunert Ltd:

* REUNERT LTD - EXPERIENCED CHALLENGING TRADING CONDITIONS IN FIRST HALF OF ITS 2020 FINANCIAL YEAR

* REUNERT LTD - SEES HY HEADLINE LOSS PER SHARE OF BETWEEN 72 CENTS AND 80 CENTS

* REUNERT LTD - SEES HY LOSS PER SHARE OF BETWEEN 162 CENTS AND 180 CENTS

* REUNERT LTD - SEES HY OPERATING PROFIT BETWEEN R357 MILLION AND R394 MILLION

* REUNERT LTD - INCREASED COMMITTED DEBT FACILITIES TO R1.0 BILLION AND TOTAL DEBT CAPACITY TO R2.1 BILLION

* REUNERT LTD - SIGNIFICANT INCREASE IN IMPAIRMENT ALLOWANCE FOR EXPECTED CREDIT LOSSES AGAINST QUINCE CAPITAL BOOK IS REQUIRED

* REUNERT LTD - RESULTS FOR SIX MONTHS ENDED 31 MARCH IMPACTED BY IMPAIRMENTS ARISING FROM PREDICTED FUTURE IMPACT OF COVID-19 PANDEMIC

* REUNERT LTD - ONGOING INVESTIGATION REVEALED EVIDENCE EXTERNAL PARTY, UNRELATED TO GROUP, DEFRAUDED 1 OF CO’S UNITS, QUINCE CAPITAL

* REUNERT LTD - EVIDENCE EXTRACTED TO DATE, A MATERIAL IMPAIRMENT IS CONSIDERED NECESSARY AND HAS BEEN RAISED ACCORDINGLY Source text for Eikon: Further company coverage:

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