Snippets Corner: 12 January 2010 – GUD
January 12, 2010
GUD Holdings Limited (GUD) shares jumped in late trade Tuesday after the company said it expects 1H FY10 EBIT to be more than 10% above the prior corresponding period (“pcp”), based on the preliminary results available. The company said expectations are that full year underlying EBIT, before significant items, would be in the range $64-68 million, provided that there are no adverse exchange rate, input cost or selling price movements. GUD added that it also expects its net borrowing expense to be materially below that of the pcp. The company said it would release its results for the half year on 27 January 2010.
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