Telecom operator Vocus Group has reaffirmed it expects its full-year underlying profit to come in between $160 million and $165 million.
Australia's fourth-biggest telecommunications company in May cut its annual guidance for a second time in six months saying underlying profit after tax could be down as much as 26 per cent for the year to June 30, from its previous forecast $205-$215 million.
The Dodo and iPrimus owner on Wednesday also said it expected annual revenue of around $1.8 billion, after a fall in May of about 5.3 per cent from its previous estimate of $1.9 billion.
US private equity firm, Kohlberg Kravis Roberts last week proposed a preliminary and conditional $3.3 billion takeover of Vocus Group, which included assuming Vocus' $1.1 billion debt.
Management has grappled with a rush to expand that began in December, 2014 with the $1.2 billion Amcom merger, a $3.8 billion merger with M2 Group and October's $807 million acquisition of Nextgen.
According to Citi, the offer remains subject to shareholder and regulatory approval, including a visit to the Foreign Investment Review Board; due diligence and a unanimous Board recommendation.
The telecom operator must also meet its full-year guidance for earnings of between $365 million and $375 million.
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