Menu
Menu
Manaccom's software unit back on track

Manaccom's software unit back on track

Software publisher and online website operator Manaccom (ASX:MNL) has announced that its software distribution division has been turned around through a restructuring.

The unit is now on track to deliver a positive contribution to earnings in FY11, Manaccom said.

But Manaccom warned that it will be forced to take a one-off writedown of $9.5 million in FY10, primarily due to the software business.

The company’s online lottery division meanwhile is on target to deliver a record $5 million pre-tax profit in FY10.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags softwaremanaccomrestructure plan

More about Manaccom Corporation

Show Comments