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AFT Corporation

Home arrow News arrow 01/10 Earning's Guidance
01/10 Earning's Guidance
Earning's Guidance

January 18th, 2010 - 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 in United States.

Due to increased sales demand including the recent installation at Sydney Town Hall, revenues for the full year to 31st December 2009 are expected to be approximately $7,200,000 which is up from the estimate at half year of $5,000,000 to 5,500,000.

The estimated net loss before tax and interest for the year ended 31st December 2009 is expected to be approximately ($50,000) which is significantly lower than the half year estimate which was ($300,000).

The sales revenue and net profit before interest and tax is subject to final confirmation by the company’s auditors.

The anticipated result is based on a trend of increasing monthly revenues, an improving sales pipeline and through instigating 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