OPI optima icm limited

optima jumped 20% yesterday

  1. 549 Posts.
    In a world of doom and gloom, isn't it nice when one of your species takes off.

    Bought heavily into this one when it was down in the dumps at .056, on the strength that most of their business traditional comes in the second half. Plus they have a huge PC order being fulfilled for the defense dept.

    Yesterday's announcement vindicates my decision.
    "Optima ICM Limited (ASX: OPI) the largest Australian owned computer vendor is pleased to update the market on the outlook for the 2003 financial year.

    Optima expects revenue for the 2003 financial year will be in excess of $120 million, which is in line with its previous financial forecast. Unaudited in-house management accounts reveal a pre-tax profit of $1.8 million for the 10 months to April 2003. This represents an excellent turnaround of $3.9 million from its first
    half financial results, with the last two months of this financial year still expected to contribute significantly to profit. The result has been assisted by increase in market share and efficiency improvements.

    The pleasing result is attributed to the record run of Optima's main business - Optima Technology Solutions Pty Limited, a wholly owned subsidiary of Optima ICM Limited. Optima Technology Solutions is likely to continue its unbroken record of five years of revenue and profit growth. Optima Technology Solutions has more than tripled its revenue in the last five years. This growth record is all the more impressive considering that it has continued through some challenging years for the IT industry."
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