Ambertech lowers 1H profit guidance

Ambertech lowers 1H profit guidance

Audiovisual technology company Ambertech (ASX:AMO) has shaved at least $100,000 from its profit guidance for 1H11.

The company is now expecting to report profit of between $750,000 and $850,000, Ambertech revealed in a recent regulatory filing.

This compares to its previous expectations of $1 million to $1.4 million in income.

Ambertech, which offers products and services ranging from home cinema provision to broadcast equipment to digital signage, blamed delays in some project work and completion times for the lowered guidance.

But Ambertech simultaneously revised its revenue guidance range upwards to between $36 million and $37 million. The company had previously forecast revenue of $35 million to $37 million.

AMO shares stayed unchanged on Tuesday at $0.380.

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Tags Ambertech ASX:AMO Guidance

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