Brief: Me Today Expects Sales To King Honey's Customer In China To Be Lower In FY24

Me Today

19/10/2023 21:08

Oct 20 (Reuters) - Me Today Ltd  MEE.NZ :
    * KING HONEY'S CUSTOMER IN CHINA ADVISED THAT SALES FOR
REMAINDER
OF FY24 LIKELY TO BE SOFTER THAN EXPECTED
    * GROUP EXPECTS SALES TO KING HONEY'S CUSTOMER IN CHINA TO
BE
LOWER IN FY24 VERSUS FY23
    * GROUP IN TALKS WITH LENDERS BANK OF NEW ZEALAND & JARVIS
TRUST
IN RESPECT TO  IMPACT ON CASHFLOW OF LOWER THAN ANTICIPATED
SALES
    * AS PART OF DISCUSSIONS, GROUP WILL CONTINUE WITH STRATEGY
OF
REVIEWING ITS COST BASE
    * GROUP IS ALSO STILL CONSIDERING SALE OF ASSETS OR RAISING
OF NEW
CAPITAL

Further company coverage:  MEE.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))