Smart metering and customer billing company Hansen Technologies (ASX:HSN) has upgraded its forecast for FY10, and is now expecting a 22% increase in post-tax profit.
The company estimated it would post profit of around $10 million, and ebitda of $17 million, on revenue in the range of $57 million.
“With an ebitda to revenue ration approaching 30%, operating performance is positioned at the high end of IT industry measurements,” Hansen CEO Andrew Hansen said.
The results will be announced in August.
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