Anticipates Profit Growth for 2010
Sydney, Australia – October 11, 2010
Ideas International (ASX:IDE), the leading global supplier of actionable comparative intelligence on enterprise IT infrastructure, wishes to advise the market of its expected 2010 full-year performance.
Based on expected sales and expenditure between now and 31 December, IDEAS anticipates a profit after tax of between $1,050,000 and $1,350,000 for the year ending 31 December 2010.
“This is an expected improvement of between 5% and 30% over profit after tax of $977,000 for the 2009 year” said Stephen Bowhill, CEO. He continued, “Despite the challenging market and the strengthening Australian dollar, revenues should be up by over 20% compared to 2009. We are very pleased to be continuing our improved performance and maintaining growth over last year.”
With full year 2010 profit after tax in the range noted above, the after tax earnings arising from the second half year period (July to December 2010) will be between $306,000 (-48%) and $555,000 (-6%) compared to $590,000 profit after tax for the same six month period in 2009. It is important to note that second half year earnings for 2009 were lifted by the remission of $238,000 in General Interest Charges levied by the Australian Taxation Office.
About Ideas International (IDEAS)
IDEAS is the leading global supplier of comparative intelligence on enterprise IT infrastructure. Servicing both IT vendors and large-scale IT users, IDEAS products focus on: servers; storage; virtualization and consolidation; and software and infrastructure services. IDEAS online products are backed by expert industry analysts who can also deliver specialized advisory and consulting services.
www.ideasinternational.com
For more information please contact:
Stephen Bowhill
+ 61 2 9472 7701
stephenb@ideasinternational.com
Paul Sowerby, CFO
+ 61 2 9472 7720
pauls@ideasinternational.com