Ideas forecasts 50-80% 1H profit growth

Ideas forecasts 50-80% 1H profit growth

IT intelligence company Ideas International (ASX:IDE) has forecast a 50-80% growth in 1H profit to between $600,000 and $750,000.

The company also expects revenue to grow between 10-15% for the six months ending in June.

“Our continued improved profit performance is very pleasing when considering the backdrop of the strengthening Australian dollar,” CEO Stephen Bowhill said.

But Bowhill declined to give guidance for the whole of 2010 due to the currency fluctuations.

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