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Phoslock Environmental Technologies Reports Preliminary Sales Forecast Of $50m-$70m

03 Dec 2019  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Preliminary $50-70m Sales Forecast FY2020

Phoslock Environmental Technologies reported preliminary sales forecast of $50m-$70m. The FY 2020 Sales Forecast is made up of Phoslock sales of 10,000-20,000t; Engineering and maintenance work in $10-20m range; Phoslock production capacity expanded to 40,000t annually by mid-2020. The Board has approved the issue of a maximum of 25m Performance Options to reward executives and consultants for outperformance of the FY 2020 sales targets. The Company is on track to meet its FY 2019 sales forecast of $27-30m.

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