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MOTIO LTD — Capital/Financing Update 2017
Jun 29, 2017
65390_rns_2017-06-29_69ffbf18-1a0d-445b-a5a5-e49288ad1b5d.pdf
Capital/Financing Update
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30 June 2017
Market Announcements Platform ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
FY17 Sales Guidance Update
Australian-based transit technology company XTD Limited (ASX:XTD) ( XTD or the Company ) provides a guidance update on sales revenue anticipated for FY17 of $2,933,657 which compared to the corresponding FY16 period of $3,452,991 represents a reduction in sales revenue of 15%.
The reduction in revenue is a result of softer than anticipated sales booked by APNO in 2H FY17.
“ The recent efforts to merge APN Outdoor and Ooh!Media, demonstrate the increased interest in out-of-home advertising services. With APNO’s Perth digital cross-track now online, a truly national cross-track network buy is available for the first time in Australia. The outlook is positive for the September quarter, led by a stronger finish to H2 in the months of May and June 2017” commented XTD Chief Executive Officer Steve Wildisen.
XTD has recently installed and commenced a trial operation of six cross-track digital video and information systems in sections of the Delhi Metro Rail network in India. As part of this Delhi Metro demonstration, XTD is trialling the capability for the digital screens to connect with people’s mobile devices so that commuters have the ability to retain content from the XTD screens.
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For more information, contact:
Steve Wildisen Chief Executive 0413 204 400 [email protected]
Nathan Ryan Investor relations and media +61 420 582 887 [email protected]