Hills Limited
(ASX:HIL) provides the following updated guidance and outlook.
Revised Guidance
The Company advises that second half earnings (underlying NPAT) will be lower than the first half. The revised guidance for the full year is for an underlying NPAT attributable to owners in the range of $11M to $14M.
While sales to March in our core security, AV, audio and communications businesses were near internal forecasts, we now anticipate continued delays in project starts. This is due to lower Government spending and project deferrals across the construction, health and mining sectors which have become more pronounced during April.
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