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Legend Corporation Ltd Issues FY, H2 2013 Guidance

Monday, 3 Jun 2013 10:55pm EDT 

Legend Corporation Ltd announced that for fiscal 2013, it expects net profit after tax (NPAT) to be in the range of $6.4 to $6.9 million. For second half of 2013, it expects NPAT to be between $3.2 and $3.7 million compared with $3.2 million for the first half. The second half of 2013 profit forecast includes expenses that are considered to be of a non-reoccurring nature; a bad debt of approximately $750,000 from a single customer insolvency and liquidation, and approximately $370,000 in relation to the write-off of leasehold improvements on the consolidation of Western Australian operations into a single facility due to the rapid growth of the business requiring additional space. The overall impact will be to reduce cost in future periods. Revenue for second half of 2013 was marginally ahead of the first half of 2013, and is forecast in line with the prior corresponding period despite the continued decline in certain key markets for the Group. 

Company Quote

24 Oct 2014