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Home arrow News arrow 07/09 Earning's Guidance
07/09 Earning's Guidance
Earning's Guidance

July 21st, 2009 - Earning's Guidance

AFT Corporation Pty Ltd’s Artemis Building products division continues to grow its business as a national distributor of Suntech Power, a world class photovoltaic products manufacture listed in United States.

 

Despite recent uncertainties around rebate arrangements, the market for photovoltaic products continues to grow and Artemis is expecting to work closely with Suntech Power to lunch new products in the Building Integrated Photovoltaic (BIPV) sector in Australia market within the coming six months.

 

Revenues for the first half-year to 30th June 2009 based on internal management accounts are expected to be (subject to auditors review) in the range of $2,000,000 to $2,300,000 with a net loss before tax and interest of approximately ($180,000) an improvement compared to the 6 months of the previous year loss of around ($240,000).

 

Revenues for the full year to 31st December 2009 are expected to be approximately $5,000,000 to $5,500,000 with an estimated net loss before tax and interest of approximately ($300,000) a major improvement compared to the previous year when the loss was ($1,121.000).

 

The anticipated result is based on a trend of increasing monthly revenues, an improving sales pipeline and through investigating a number of cost control measures including reductions of management salaries.

 

 

For further information please contact

Mr Stone Wang CEO & Executive Chairman AFT Corporation

On +61 1300 794 907