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Intrapower expects up to $600k 1H ebitda

Intrapower expects up to $600k 1H ebitda

ICT service provider Intrapower (ASX:IPX) has revealed it expects an ebitda of between $500,000 and $600,000 for 1H11.

The company, which has around 2,000 customers in the business and government sectors, said its forecast compares to a 1H10 ebitda of $483,000.

IntraPower warned the final result is subject to one-off impairment charges or other changes arising from the half-year audit.

The company plans to publish its complete half-year financial statements at the end of February.

IntraPower, developer of the IntraPower Trusted Cloud solution, has offices in Sydney, Melbourne and Brisbane.

In FY10, the company earned a net profit of $281,000 – a swing from a $3.96 million loss in FY09. Ebitda grew 7.1% to $1.45 million, but revenue fell 14.6% to $25.1 million.

The company earlier this month revealedit had teamed up with Telstra Wholesale, Data Outsource and BigAir Group to provide free and discounted IT assistances to flood-hit Queensland businesses.

IPX shares fell 6.67% in Tuesday's trading to $0.140.

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Tags GuidanceintrapowerICTASX:IPXEBITDAfinancial results

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