First Half Results Up 257% Profit Upgrade for Full Year
Feb 21, 2008
ASX RELEASE – Thursday, 21st February 2008
Summary of Audited Results for the 6 months to December 2007
|HY Dec 06 (Audited)||HY Dec 07 (Audited)||Change|
|Net Profit After Tax||$214,274||$764,199||257% increase|
Summary of Forecast Results for the 12 months to June 2008
|FY June 08 Range|
|Revenue||$30 million to $38 million|
|EBITDA||$2.0 million to $2.8 million|
|Net Profit After Tax||$1.3 million to $2.0 million|
On 31 August 2007, Jumbo Corporation Limited acquired Manaccom Pty Ltd and subsequently changed its name to Manaccom Corporation Limited. The company is now logically divided into three divisions.
1. Online Lottery Division. This division is involved in the sale of Australian lottery tickets from www.ozlotteries.com and from a number of outlets in Pacific countries such as Fiji and Norfolk Island. Key relationships include Tattersalls and NSW Lotteries Corporation. This division saw a turnaround in its results with an increase in revenue and profits of 34% and 234% respectively.
2. Software Publishing Division. This division publishes and markets popular software titles through large retailers and independent resellers. Key relationships include Harvey Norman, Dick Smith, Officeworks, JB Hi-Fi and Trend Micro. Recently Manaccom was selected as a preferred software supplier for Harvey Norman OFIS when the new OFIS stores are launched in late March 2008. 4 months of trading results from this division contributed to the group results with the acquisition completed 31 August 2007 (www.manac.com.au).
3. Jumbo Interactive. This division is involved in internet advertising and customer traffic management. The division operates a number of web sites including www.jumborewards.com, www.jumboaffiliates.com and www.jumbomall.com.
Future Growth through Acquisitions
Manaccom Corporation Limited is actively seeking acquisition opportunities in the e-commerce and information technology industries. The company has significant experience in the IT industry dating back to 1986.
For further Information:
CEO, Manaccom Corporation Limited
(07) 3331 5999