Servcorp Limited Provides Financial Guidance for Fiscal 2022
November 10, 2021 at 12:54 am
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Servcorp Limited provided financial guidance for fiscal 2022. The company announced that while it remains unclear how long the path to a post-COVID world is, it remain optimistic. For the 2022 financial year The company anticipates that, subject to no worsening near-term COVID-19 impacts, Servcorp's mature net profit before non-cash impairment of assets and tax will be between $33.0 million and $36.0 million. In line with this guidance and performance, expects to produce more than $50.0 million in underlying free cash. These forecasts are subject to currencies remaining constant, global financial markets remaining stable and the continued impacts of COVID-19 on the operations.
Servcorp Limited is an Australia-based company, which is engaged in provision of executive service and virtual offices, coworking and information technology (IT), communications, and secretarial services. The Company's segments include Australia, New Zealand and South East Asia (ANZ/SEA); United States of America (USA); Europe and Middle East (EME), and North Asia. Its office solutions include office spaces, virtual offices, coworking, meeting rooms, and remote team package. Its serviced offices can accommodate teams of any size and come with IT & Communications infrastructure with secure Internet and VPN to every desk, receptionists and secretarial/IT support. Virtual Office provides business address, phone numbers, call handling, mail forwarding, and access to other office facilities and services, such as meeting rooms, and secretarial and IT support, without renting a physical office. Its meeting facilities are available for all the meeting and conferencing requirements.
SERVCORP LIMITED 
