MGM Wireless (ASX:MWR) upgrades FY10 guidance

MGM Wireless (ASX:MWR) upgrades FY10 guidance

MGM Wireless (ASX:MWR) has upgraded its FY10 guidance, lifting its profit forecast to between $100,000 and $150,000.

The school SMS service provider had previously forecast profit of between $75,000 and $100,000, and in FY09 posted a net loss of $350,000.

MGM Wireless executive chairman Mark Fortunatow said the result “reflects MGM's business strategy to deliver both profit and revenue improvement while simultaneously reducing customer end user pricing [and] increasing sales volume.”

The earlier guidance was announced in May.

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Tags MGM WirelessGuidanceASX:MWR

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