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Freedom Insurance anticipates up to A$10M EBITDA loss in H2'18 results

Freedom Insurance Group Ltd. expects to record an EBITDA loss of between A$9 million and A$10 million for the second half of 2018.

The company previously anticipated an EBITDA loss of between A$7 million and A$8 million.

The updated earnings expectations reflect lower-than-projected net revenues due to higher commission clawbacks and larger one-off external consultant costs.