ASG forecasts profits of $7M for December

Nov 21, 2007 2:20 PM
Filed under Finance

IT services provider ASG Group has forecast a profit guidance rise of 66 percent for the six months to 31 December 2007.

ASG is forecasting EBITDA of at least $7 million for the December half, this compares with EBITDA of $4.2 million in the previous corresponding period and $11.1 million for the full 2007 financial year.

ASG Managing Director Geoff Lewis said the guidance was attributable to strong performance in the December half across each of the company’s markets and a strong focus on maintaining operating margins.

“We are seeing benefits from ASG’s investment in national infrastructure over the past two years. We are bidding for contracts with a dollar value of $600 million and are serviced through our national network,” Lewis said.

He said the outlook for the full 2008 financial year was good, with strong growth in revenue and earnings.
 
Follow us on Facebook and Twitter
 
ASG forecasts profits of $7M for December
 
 
 
 
 
Top Stories
Reseller pays $2.65m for telco specialist
Acquisition scene heats up as JCurve makes another buyout.
 
Kytec files for administration, new company set up
Driven by management buyout, says MD.
 
Dataflex reborn under new owners
Buyer aiming for $30m after second acquisition in six months.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Latest Comments
Polls
Are Chromebooks ready for the enterprise?

CRN Magazine

Issue: 326 | April 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.