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Mnet (ASX:MNZ) estimates $100k profit for June half

Mnet (ASX:MNZ) estimates $100k profit for June half

Mobile solutions company Mnet Group (ASX:MNZ) has revealed it likely swung back to a pre-tax profit for the half-year ended June.

The company said it estimates it will record a pre-tax profit of $100,000 for the half-year period, compared to a pre-tax loss of $914,000 in the half-year ended December.

The company has meanwhile revealed it will be releasing 45,000 fully paid ordinary shares from escrow on July 26.

MNZ shares are today trading unchanged at $0.041.

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