Highlights from CML Groups ASX announcement

Share price up 14.8% today, at time of writing

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7 July 2020

CML Group Limited (ASX: CGR)(“CML”)

Business Update–Early Signs of a Rebound

Key Highlights

•CML has experienced strong monthly growth in volumes as business restrictions ease

•CML’s high quality book has not experienced material defaults or losses

•CML expects FY’20EBITDA of$19.5m-$20.5mand NPATA of $7.5m-$8m

•CML anticipates paying a full yea rdividend in the range 1.75-2 cents per share, fully franked

•FY’21 outlook is positive with increasing demand for invoice financing expected to continue

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original link

https://www.asx.com.au/asxpdf/20200707/pdf/44k9q42lt10pp0.pdf