Upgraded Forecast - May 2008

May 21, 2008

ASX RELEASE – Wednesday, 21st May 2008

Leading Australian IT and e-commerce company, Manaccom Corporation Limited, today announced an upgraded forecast for the 2008 financial year following record sales in April 2008. The new range for net profit after tax is between $1.7 million and $2.3 million. The following table summarises the revised forecast.

 
    Previous FY 08 Range   Current FY 08 Range
  Revenue   $30 million to $38 million   $32 million to $40 million
  EBITDA   $2.0 million to $2.8 million   $2.2 million to $3.0 million
  Net Profit After Tax   $1.3 million to $2.0 million   $1.7 million to $2.3 million
   

Mr Mike Veverka, CEO of Manaccom, said the Company had record sales in April following the Australian record $40 million jackpot on 29 April 2008, as well as robust trading in the distribution and software publishing division.   For further Information: Mike Veverka CEO,  Manaccom Corporation Limited (07) 3331 5999    


Media Assets
 21052008.pdf