ICSGlobal posts $3.7m FY10 loss

ICSGlobal posts $3.7m FY10 loss

IT consulting company ICSGlobal (ASX:ICS) has posted a net loss of $3.7 million in FY10 as a result of red ink from its discontinued operations.

The company, which reported a slim $9,000 profit in FY09, said its sold US and Australian businesses and other discontinued operations generated a loss of $3.8 million.

Forex losses of $218,000 have also been recorded.

But revenue grew 4.1% to $1.2 million, and its continuing operations recorded a profit of $334,000.

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Tags financial resultsICSGlobalASX:ICS

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