AI assistant
ACUMENTIS GROUP LIMITED — Earnings Release 2008
Dec 20, 2007
64295_rns_2007-12-20_1a550193-b840-48eb-8081-c8e8fd05ee9b.pdf
Earnings Release
Open in viewerOpens in your device viewer
20 December 2007
The Manager Company Announcements Australian Stock Exchange
Electronic Lodgement
Dear Sir or Madam
LandMark White enjoys increased revenue and profit
LandMark White Limited is pleased to announce that the forecast Net Profit after Tax for the Half Year ended 31 December 2007 will be in the vicinity of $1,000,000 which is an increase of 48% over the result of $674,458 for the corresponding Half Year ended 31 December 2006.
The improvement is primarily due to strong trading results from LandMark White’s “Commercial” valuation businesses which have helped lift Group revenue from $12,920,365 (for the December 2006 Half Year) to an expected $16,000,000 for the Half Year to December 2007.
Whilst the Board cautions against assuming that these strong trading conditions will continue for the remainder of the financial year, they do expect that the incremental growth in Net Profit after Tax of approximately $300,000 enjoyed in the first Half will have a similar benefit to the Full Year Result compared to the prior year.
Yours faithfully,
LANDMARK WHITE
Brad Piltz
Director & Company Secretary