NetComm Limited now expects to report a full year EBITDA between $5.8 million and $6.3 million on revenue between $75 million and $78 million.
Further to the companys reported results for the 1st half, and in accordance with listing rule 3.1, the company is now providing guidance as to its expected revenue and EBITDA for the full year of 2008/09.
Based on sales and committed orders for the period up to and including May 2009, NetComm Limited now expects to report a full year EBITDA between $5.8 million and $6.3 million on revenue between $75 million and $78 million.
Compared with the full year of 2007/08, this represents an increase in EBITDA of between $5.2 million and $5.7 million and an increase in revenue between $55.6 million and $58.6 million.
Full Year 2008 (Actual)
Full Year 2009 (Guidance)
$75 - 78m
$5.8 - 6.3m
"This continuing improvement reflects the companys strategic focus on wireless broadband; network management products and services; and the core business of broadband networking solutions while selectively investing in expansion into new international markets and increased penetration into new domestic commercial markets," said David Stewart, NetComm Managing Director.
Based on this guidance, the company intends to reinstate its dividend policy for the 2008/09 full year.