SYDNEY Aug 21 Australian industry compliance
firm and takeover target SAI Global Ltd announced on
Thursday a return to an annual net profit from a loss the
previous year, hitting analyst forecasts, as it took steps to
Net profit was A$35.3 million ($32.78 million) for the year
to June 30, from a net loss of A$43.2 million the previous year.
Excluding one-off restructuring costs, net profit grew 6.3
percent to A$45.0 million, compared with the A$45.56 million
average forecast of analysts polled by Thomson Reuters I/B/E/S.
(1 US dollar = 1.0769 Australian dollar)
(Reporting by Byron Kaye; Editing by Paul Tait)