AI assistant
SERVICE STREAM LIMITED — Earnings Release 2011
Jan 23, 2011
65865_rns_2011-01-23_07339e46-61d7-4904-bf7c-67d829cd6286.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [141 x 35] intentionally omitted <==
Service Stream Limited
Level 1, 355 Spencer Street Tel: 61 3 9677 8888 West Melbourne, Victoria, 3003 Fax: 61 3 9677 8800 PO Box 14570 ABN: 46-072-369-870 Melbourne, Victoria 8001
www.servicestream.com.au
ASX & Media Release
24 January 2011
31 Dec 2010 Interim Financial Result and 30 June 2011 Guidance
Service Stream (ASX: SSM) is currently completing its results for the half-year to 31 December 2010.
As a consequence of a stronger than anticipated operating performance towards the end of the period, the Company expects to report:
-
Revenue of $300.3m for the half-year, which is a 12.7% increase over the $266.4m reported for the prior corresponding period; and
-
EBITDA of $16.1m for the half-year, which is a 17.5% increase over the $13.7m underlying result for the prior corresponding period.
Confirmation of this outcome following review by the Company’s auditors, and further details on the Company’s performance for the period will be provided with the half-year results scheduled to be released on 24 February 2011.
Service Stream now expects to report EBITDA of $34.0m for the full-year to 30 June 2011 compared to the $27.0m underlying result for the prior corresponding period.
.
For further details contact:
Service Stream Limited Graeme Sumner Managing Director Tel: (61 3) 9677 8848
Service Stream Limited Bob Grant Chief Financial Officer Tel: (61 3) 9677 8841
About Service Stream Limited:
Service Stream is a public company listed on the Australian Securities Exchange (ASX Code: SSM) with annualised revenues of approximately A$600 million. The Company is an industrial services enterprise with proven outsourced infrastructure deployment, management and service capabilities across 52 locations throughout Australia. Service Stream’s technical workforce of over 4,000 supports large asset owners on the deployment, management and servicing of essential network infrastructure in the telecommunication, electricity, water and gas sectors. For more information please visit the Company’s website at www.servicestream.com.au.