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CPT GLOBAL LIMITED — Capital/Financing Update 2013
Feb 3, 2013
64642_rns_2013-02-03_303fe2e5-5d6b-4b6b-b8fb-49690cc63e4c.pdf
Capital/Financing Update
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G l o b a l
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ASX Announcement CPT Global Limited (CGO)
Market Update
CPT’s first half financial performance has been negatively impacted by delays in signing a number of new contracts in the International markets, particularly in Europe. Significant investments have been made in the pursuit of these contracts and a number of opportunities exist, however until recently contracts have not been completed. As a result, revenues have fallen short of target and an operating loss after tax in the vicinity of $1,000,000 will result in the first half of 2012/13.
The Australian business remains strong and has met its half year targets, even in the current challenging economic conditions. The International business has recently seen the signing of three new contracts and in addition there is an expectation that another two contracts will be signed within the next two months. With the signing of these new contracts it is expected that the company will return to profitability in the second half of 2012/13.
For further information please contact: Gerry Tuddenham +61 (0)3 9684 7900
About CPT Global
CPT Global Limited (ASX:CGO) is a market leading, technical IT consulting organisation. In Australia and internationally, CPT provides innovative and sought after capacity planning performance tuning and testing services to world-leading companies. CPT also provides IT governing and strategic advice, working with IT management to implement new delivery models in complex, multi-sourced environments. CPT delivers solutions to clients that enhance the control, stability, efficiency reliability and cost effectiveness of mainframe, midrange and internet applications. www.CPTGlobal.com
Melbourne - Head Office, Level 1, 4 Riverside Quay, Southbank VIC 3006 Telephone +61 3 9684 7900 Facsimile +61 3 9684 7999 www.CPTglobal.com
CPT Global Limited ACN 083 090 895 ABN 16 083 090 895
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