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MGM Wireless expects swing back to profit in FY10

MGM Wireless expects swing back to profit in FY10

School communications and SMS software company MGM Wireless (ASX:MWR) has forecast a swing to an FY10 profit of between $750,000 and $1 million.

The company said the favourable trading conditions from 1H10 had carried over into the second half.

The company posted a net loss of $350,000 for FY09, on revenue of $1.8 million.

“The board believes the expected full year result reflects improving penetration in our key Australian business market,” MGM Wireless executive chairman Mark Fortunatow said.

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Tags financial resultsMGM WirelessTelecommunications

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