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Ideas expects up to $750k profit in 1H09

Ideas expects up to $750k profit in 1H09

IT research company Ideas International (ASX:IDE) expects to record post-tax profit of up to $750,000 for the June half-year.

At the company’s annual general meeting, CEO Stephen Bowhill said Ideas is forecasting profit in the range of $600,000 to $750,000, compared to a 1H09 profit of $407,000.

But he told investors it was too early to give guidance for the 2010 full-year result.

Shareholders voted by 5.3 million votes to 1.7 million to adopt the latest remuneration report, and by 9.4 million votes to just 14,000 to re-elect Peter Wallace as a director.

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