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Navigator Global Investments Provides Update on 2018 Interim Results

24 Jan 2018  |  12:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on 2018 Interim Results

Navigator Global Investments advised that in determining the Company's interim financial result for the six months to 31 December 2017, there has been a $3.0m increase in operating expenses for H1 2018 as compared to operating expenses incurred for the six months to 30 June 2017. Despite the higher level of operating expenses incurred in H1 2018 compared to historical periods, the Group expects to report an increase in EBITDA for the half year of 14% compared to that of the corresponding 2017 half year period. The reduction in the tax rate is expected to create a once-off, non-cash income tax expense adjustment in H1 2018 of $36.8m due to the restatement of the Groups US tax losses at the new tax rate of 21%.

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