AI assistant
DTI GROUP LTD — Capital/Financing Update 2015
Apr 20, 2015
64790_rns_2015-04-20_c5332fb0-fa10-4474-b1ee-83dbb3b1788c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [152 x 37] intentionally omitted <==
==> picture [152 x 37] intentionally omitted <==
DTI Forecast Guidance
20 April 2015 – DTI Group Ltd (ASX: DTI) ("DTI”) has revised its 2014/2015 financial year revenue and performance downwards primarily due to delays in awards of prospects, deferral of deliveries to the US market, and to a lesser extent, softer sales in the US market.
The results for the financial year for the Group are expected to be as follows:
-
Revenue and other income to be approximately $15.0 million.
-
Net profit after tax expected to be between $0 and $300K.
The majority of opportunities which formed part of the Company’s financial forecast for 2015 have been deferred and it is unlikely that if awarded, that these opportunities will result in any significant revenue for this financial year.
As mentioned in the 20014/2015 half year report, the outlook for DTI in the mobile security market remains strong. This is reinforced by the record number of prospects being pursued which total over $200 million in value.
About DTI Group
DTI provides sophisticated surveillance systems, solutions and services to the mobile security industry worldwide. DTI’s clients are transit agencies, transit operators, freight operators, law enforcement authorities and taxi organisations which are offered a range of professional products and services that encompass on-board recording equipment, fleet management systems, back-end mass storage and retrieval facilities and end-to-end managed services. Sales and project delivery is undertaken both by DTI directly and through its global partners’ network.
DTI is a recognised supplier to the mass transit surveillance market. Core technology development and system design activities are undertaken from the Company’s Perth office.
Enquiries
Richard Johnson Chief Executive Officer DTI Group Phone: (08) 9479 1195 www.dti.com.au
31 Affleck Rd | Perth Airport WA 6105 T +61 8 9479 1195 | F +61 8 9479 1190 DTI Group Ltd | ABN 15 069 791 091