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Service Stream targets turnaround through core markets

Service Stream targets turnaround through core markets

Telecom and utilities industry services provider Service Stream (ASX:SSM) is targeting growth through the fixed and mobile infrastructure markets in FY11.

In the company's annual report, chairman Stephen Wilks said the opportunities in these markets, as well as marketing and environmental services, will be “significant” during the financial year.

“We are doing the hard work now to ensure [Service Stream] is well positioned to gain a share” of the growth in what are some of its core markets, he said.

Managing director Graeme Sumner added that Service Stream “has an optimistic view of most of the major markets that it operates in.”

The company swung to a loss of $2.6 million in FY10, mostly due to writedowns associated with an acquisition.

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Tags GuidanceASX:SSMStephen WilksGraeme SumnerService Stream

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