QANTM Intellectual Property Limited (ASX: $QIP) has provided an update on its expected earnings for the full financial year 2024. The company now expects underlying EBITDA (post AASB 16) to be in the range of $33.0m to $33.5m. However, due to transaction costs related to the Scheme up to 30 June 2024, the company anticipates that Earnings Per Share (reported) for the full financial year 2024 will be 7.5 to 8.0 cents per share.
QANTM continues to make good progress in relation to the Scheme with Adamantem. Shareholders are advised not to take any action at this stage, as a Scheme Booklet containing important information is expected to be sent to them by late June 2024.
QANTM Intellectual Property Limited (ASX: $QIP) has updated its FY24 earnings guidance, expecting underlying EBITDA to be in the range of $33.0m to $33.5m for the full financial year 2024. The company also anticipates that Earnings Per Share (reported) for the same period will be 7.5 to 8.0 cents per share due to transaction costs related to the Scheme. QANTM and Adamantem are making progress in relation to the Scheme, and shareholders are advised not to take any action at this stage. The company aims to provide further information through a Scheme Booklet expected to be sent to shareholders by late June 2024.