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BRIEF-Wellard Ltd updates on banking covenant breaches
January 3, 2017 / 3:45 AM / 9 months ago

BRIEF-Wellard Ltd updates on banking covenant breaches

Jan 3 (Reuters) - Wellard Ltd

* advises that anticipated december 31 banking covenant breaches have occurred

* working with finance providers to address issue by way of waiver or amendment of relevant financial covenants

* subdued trading conditions in h1 of fy2017 will result in loss, improving trading conditions expected to produce profit in h2 Source text for Eikon: Further company coverage:

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