T&G Global Limited (NZX: TGG) FY21 Earnings Guidance Update

Further to the market update provided on 18 October 2021 the Board of Directors of T&G Global Ltd advises that Group Profit for the 2021 financial year is now forecast to be a profit of between $12.5 - $14.5 million, compared with the 2020 result of $16.6 million.

This compares to the outlook provided on 18 October which indicated a 2021 profit between $4.0m and $10.0m, based on management accounts. The main reason for the favourable variance relates to the statutory accounting and tax treatment of the sale of the 22 Whakatu Rd site, which settled on 16 November 2021.

The Company expects to announce its 2021 full-year results to the market on 28 February 2022.

Please see the link below for detailsp

FY 21 Earnings Update

Source: T&G Global Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

August 1st Morning Report
Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update