Midway Ltd (AU:MWY) has released an update.
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Australia’s Midway Limited, a prominent woodfibre export and plantation company, has projected its FY 2024 EBITDA-S to be between $10M and $15M, reaffirming targets set during their AGM. The guidance accounts for improved sales, delivery confirmations for CY23 contracts, and other factors such as favorable pricing and foreign exchange impacts. However, the company notes market uncertainties like the unsettled headline FOB price for E. Globulus and potential vessel deferrals, which could affect sales volumes and the overall financial outlook.
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