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CPT GLOBAL LIMITED — Capital/Financing Update 2008
Jun 4, 2008
64642_rns_2008-06-04_c44a1323-cbb3-443c-8d2e-c0b377c42fa2.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT CPT GLOBAL LIMITED (ASX: CGO)
5[th] June 2008
Revenue Guidance for Year Ended 30 June 2008
The turbulence in the global financial markets, caused by the collapse of the US subprime mortgage market, has had a short term detrimental effect on our current and potential client base particularly in the USA and to a lesser extent Europe. The result has been a delay in decision making and postponement of some contract start dates by our clients.
We now expect total Group annual revenue for this financial year to increase by approximately 5% over last financial year.
Full year profit will be impacted by the lower expected revenue but we will retain our historic dividend payout ratio.
We remain committed to our international markets as well as expanding our local operations and continue to see good potential for our services in all of these markets. We have recently applied to a US Government ICT supply panel in order to allow us to broaden our client base.
For further information please contact:
Gerry Tuddenham, Managing Director or Stephan Scheffer, Chief Financial Officer
Telephone +61 3 9690 3911 For CPT Global Limited profile and information refer to: www.CPTglobal.com