CSG lowers EBITDA guidance to $38M - $42M

Company News

by David Chau

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.

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