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NetComm expects swing back to profit in 2H10

NetComm expects swing back to profit in 2H10

Modem and PC peripheral vendor NetComm (ASX:NTC) expects to swing back to profit in the second half of the year, after a 1H loss.

The company is projecting post-tax profit of between $620,000 and $950,000 for the half, compared to a loss of $60,000 in the first half.

Revenue is expected to increase to up to $39.3 million, from 22.9 million in the first half and $38.1 million in 2H09.

NetComm said it had secured orders and future business from Canada and the Middle East, in a sign of its expansion.

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