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LYCOPODIUM LIMITED — Capital/Financing Update 2010
May 25, 2010
65278_rns_2010-05-25_b696b4b9-0b09-41b1-8b01-d0b7b3230dcf.pdf
Capital/Financing Update
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Lycopodium Limited
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ABN 83 098 556 159
Level 5, 1 Adelaide Terrace East Perth, Western Australia 6004 Australia
PO Box 6832 East Perth, Western Australia 6892 Australia T: +61 (0) 8 6210 5222 www.lycopodium.com.au
ASX RELEASE
26 May 2010
LYCOPODIUM UPDATES CURRENT YEAR FORECAST
The Directors of Lycopodium are pleased to advise that we have upgraded our 2009/10 financial year forecast for both revenue and after tax profit.
Forecast revenue has been increased to $118 million and after tax profit to $10.5 million.
This represents an increase of 7% in revenue and 31% in after tax profit over the half year forecast.
The improved result has been underpinned by an increase in EPCM revenue in the Minerals sector and resolution of the tax position in Tanzania.
For further information:
Rod Leonard Managing Director Lycopodium Limited
T: +61 8 6210 5222 F: +61 8 6210 5201 E: [email protected]