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.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.