Menu
Menu
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.

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 hardwareTelecommunicationsfinancial resultsnetcomm

More about NetComm

Show Comments