Titan Energy Services Ltd Revises 2012/2013 Profit Guidance Above Analysts' Estimates

Titan Energy Services Ltd announced that for 2012/2013 the Company expects to surpass its full year target of AUD 7 million to AUD 8 million in earnings before interest and tax (EBIT). For the half year, Company expects an EBIT of AUD 3.5 million to AUD 4 million, compared to AUD 0.7 million last year. For the full year, Company expects EBIT to increase from AUD 3.9 million last year to between AUD 8 million to AUD 9 million. According to I/B/E/S Estimates, analysts were expecting the Company to report AUD 7.24 million EBIT for 2012/2013.