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ALS LIMITED — Earnings Release 2011
Sep 26, 2011
64365_rns_2011-09-26_458d55ec-2a15-440f-8258-a00a194e7379.pdf
Earnings Release
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asx/media release
27 September 2011
Campbell Brothers provides revised guidance
Campbell Brothers Limited (ASX Code: CPB) has increased its guidance for expected underlying net profit after tax for the half year ending 30 September 2011 to approximately $100 million.
During the AGM on 26 July 2011, Campbell Brothers provided guidance that it expected underlying net profit after tax for the six months ending 30 September 2011 to be in the range of $90 to $95 million.
Trading results for the first five months of the current half year are stronger than expected, and the Company has revised after tax profit for the half year to approximately $100 million. First half after tax profit in the period ending 30 September 2010 was $66.2 million. The expected result represents an approximate 51 percent increase on the previous corresponding period.
Most laboratories across all divisions within the ALS laboratory services business are experiencing record sample volumes, and this has led to both revenue and operating margins being slightly ahead of expectations. North America, Africa and South American operations have been particularly strong. This level of activity is expected to be maintained through until at least December at which time the company expects to see a traditional slowdown through the off season. The Company has also benefited from a slightly weaker than expected Australian dollar in the latter half of the six month period.
ENDS
For further information:
Greg Kilmister, Managing Director, Campbell Brothers Limited, +61 7 3367 7900
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