Razor Risk forecasts $1.5m-1.8m FY10 profit

Razor Risk forecasts $1.5m-1.8m FY10 profit

Risk management technology developer Razor Risk Technologies (ASX:RZR) has forecast a net profit of between $1.5 million and $1.8 million for FY10.

Ebitda is likely to be between $625,00 and $725,000 but by utilizing prior tax losses, this figure will be augmented, Razor said.

If this guidance proves accurate, it will be Razor's fourth consecutive half-year profit after a rocky period ended two years ago, chairman Ellis Bugg said.

“These results are a testament to the steps taken over the past two years to put the company on a sustainable footing,” he said.

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Tags it servicesGuidanceRazor RiskEllis Bugg

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