Managed technology company, CSG (ASX:CSV), has released its updated trading outlook for this financial year.
The company reaffirmed its revenue guidance for the full year of more than $300 million.
However, it says underlying EBIDTA will now likely be lower than previous guidance – and it’s expected to be between $38 million and $42 million.
CSG’s Board also confirmed that capital expenditures should remain in line with previous guidance of $6 million to $6.5 million, and it plans to return a minimum of $25 million per annum to shareholders through a dividend or buy back of shares.
CSG posted a net profit of $18.2 million at 30 June 2016.