Spotless Group Holdings
(ASX:SPO) has affirmed its earnings for FY16 are unlikely to differ materially from previous guidance released in February of this year.
As was announced in its first half results for this financial year, Spotless has restated it is undertaking a strategy reset to accelerate growth.
The company has also noted it has commenced a process to assess the potential shareholder value that could be generated by a sale of its Laundries business.
Spotless has reminded the market the process is at an early stage and there can be no assurance given that a transaction will proceed.
Spotless Group Holdings reported a net profit of $48.1 million at 31 December 2015.
