Menu
Menu
Scantech (ASX:SCD) forecasts 90% decline in FY10 profit

Scantech (ASX:SCD) forecasts 90% decline in FY10 profit

Mining technology developer Scantech (ASX:SCD) has forecast a 90% decline in FY10 profit to $236,000.

Sales fell 16.6% to $13.1 million, according to unaudited results issued ahead of the official release of Scantech's full year results on August 31.

Profit was impacted by this decline in sales, as well as a $404,000 loss for exchange variance.

SCD shares are today trading unchanged at $0.210.

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 ICTfinancial resultsminingScantechASX:SCD

Show Comments
Computerworld
ARN
Techworld
CMO