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| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2], 3, 4, 5, 6, 7, 8, 9, 10 ] |
| Subject: IHG | |
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Author: stronger second half year. |
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Date Posted: 04:48:59 01/09/03 Thu Intellect says still on track for FY growth 9-January-2003 Intellect Holdings (IHG) said today that although it still expects to post a weak first half result, it was on track to achieve growth in the full-year. In a statement to the Australian Stock Exchange, Intellect's CEO, Mr Jan de Smet reiterated his comments at the company’s AGM, saying that revenues in Europe were soft as a result of overall poor economic circumstances and the slower acceleration of revenues from other regions. As a consequence, Mr de Smet said a first half loss of $5 to $6 million will likely occur. However, de Smet said the board is still confident of Intellect’s full year forecasts, with both revenues and NPAT to exceed last year’s of $ 89 million and $ 7.8 million respectively. "Intellect's revenue pattern is traditionally characterised by a weaker first and a stronger second half year. Now that balance is even more disrupted by the slippage of deliveries under substantial contracts into the second half. Obviously this impacts significantly on the first half year,” he said. “The new partnerships in place however give us confidence for the second half of the year. For the longer term, given the strategic importance of our new alliances, we believe the outlook for Intellect is excellent," he added. At 1010 AEST Intellect Holdings was 2.5c or 7.35% lower at 31.5c [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: PTD1.55 | placement of 6.625 million | 04:51:45 01/09/03 Thu |
| Re: IHGassist Visa worldwide on the EMV chipmigration | expectannounce a major contractAustralian marketverysoon". | 14:51:34 01/10/03 Fri |
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