BLV 0.00% 1.6¢ blossomvale holdings ltd

shares soar 25%

  1. 433 Posts.
    NMS soars 25%.

    Confirms strong second half earnings guidance:

    Neptune Marine Services Ltd (ASX: NMS) today announced that it expects
    to report normalised earnings before interest and taxes (EBIT) for the year ending June 30, 2010 of
    between AUD$5.5 million AUD$6.5 million. The performance from February to June 2010 is
    expected to generate normalised EBIT of between AUD$6.5 million ‐ AUD$7.5 million.
    The result represents a significant improvement in performance in the second half of FY2010
    compared to the first half given the normalised EBIT for H1 FY2010 was $0.8 million (reported EBIT for
    H1 FY2010 was AUD$0.3 million).
    This confirms Neptunes recovery in profitability during the second half of FY2010 and the expected
    return to growth from FY2011 onwards as announced by the company on 21 January 2010.

    What a relief, but can it be maintained?
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