Flat Glass Industries Ltd., said 30 October 2008 that its current management forecasts suggest that the EBITDA for the half year to 31 December 2008 will be 50% down on the prior year period. The comp…
Flat Glass Industries Ltd., said 30 October 2008 that its current management forecasts suggest that the EBITDA for the half year to 31 December 2008 will be 50% down on the prior year period. The company said in current market conditions and with the recent significant movements in the Australian dollar, forecasting is difficult. Flat Glass provided the estimate on the assumption that there should be no significant further deterioration in prevailing market conditions.