Menu
Menu
LongReach (ASX:LRG) profit shrinks 64% to $418k

LongReach (ASX:LRG) profit shrinks 64% to $418k

ICT services provider LongReach Group (ASX:LRG) has reported a 63.8% decrease in FY10 profit to $418,500.

Revenue slumped 11.12 to $12.2 million, while operating profit fell 17.6% to $1 million. Foreign exchange gains were also significantly lower.

But expenses were cut 10.4% to $11.2 million.

LRG shares are today trading unchanged at $0.024.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags financial resultsLongReachASX:LRG

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO