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

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