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Tungsten sees EBITDA breakeven by FY 2017

By BFN News | 07:33 AM | Tuesday 09 February, 2016


Tungsten Corporation directors are confident the company is on track to achieve break-even on an EBITDA basis by the end of FY17 and a positive EBITDA for the six-months ending 31 October 2017. Tungsten confirms that trading in the third quarter was in line with market expectations, and that revenues for the full year to 30 April 2016 are expected to be broadly in line with its previous guidance. The Company continues to expect EBITDA loss for the full year to 30 April 2016, excluding one-off items, of no more than GBP15 million (GBP19 million including one-off items) and free cash at the year-end of at least £8 million, with the monthly cash outflow continuing to improve. Story provided by StockMarketWire.com

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