ARR 0.00% 2.4¢ arasor international limited

time to buy

  1. 94 Posts.
    mediate release 27th February 2008
    Arasor reports record revenues on path to profitability
    A r a s o r I n t e r n a t i o n a l L t d . ( A R R . A X ) t o d a y a n n o u n c e d r e v e n u e g r o w t h o f m o r e t h a n 2 9 5 %
    w h i l s t a c h i e v i n g u n d e r l y i n g p r o f i t a b i l i t y i n H 2 2 0 0 7 . D e s p i t e s o m e h e a d w i n d s , t h e o u t l o o k
    f o r 2 0 0 8 i s e x c i t i n g , c h a r a c t e r i s e d b y s t r o n g r e v e n u e g r o w t h ( > 9 0 % ) , i m p r o v i n g m a r g i n s ,
    a n d p r o f i t a b i l i t y .
    H i g h l i g h t s o f 2 0 0 7 i n c l u d e
    ? R e v e n u e + 2 9 5 % t o $ 1 1 7 m
    ? Driven by sales of wireless telecoms equipment into Chinese & Indian national telcos
    ? Underlying NPAT of $(5.0)m loss, well ahead of $(19.4)m guidance
    ? Reported NPAT of $(16.7)m incl non-cash items of $(10.4)m of Provision for Aged
    Accounts and $(1.3)m one-off Tax
    ? Underlying result compares well to original prospectus guidance of $85m and $(4.0)m
    loss
    ? H2 2007 profitable on an underlying basis of $7.3M
    ? Gross margin up to 28.4% in H2 from 2.4% in H1 as per stated company strategy
    ? Outlook for 2008 is exciting despite some headwinds
    ? Revenue growth of >90% expected for 2008 fuelled by continuing penetration of
    wireless and optical telecoms products into China and India
    ? Headwinds of FX, credit crunch and global slowdown, rising labour costs factored in to
    guidance
    ? Novalux acquisition cements opportunity in Consumer / Laser TV
    ? USD300M ZTEI Joint Venture to drive USD500m+ revenue opportunity by 2010
    ? Short term start up costs more than offset by 2009+ benefits
 
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