profit upgrade by 2m dollars, page-2

Sydney - Monday - July 31: (RWE Australian Business News) -
Brandrill Ltd (ASX code: BDL) today advised that annual operating profit
was now expected to be 15 to 20 per cent above previous advice.
"This will be a good operational result, reflecting the slow and
continuing flow-through of the strong trading conditions in the
Australian mining industry," directors said.
The company previously forecast that for the year to June 30,
gross sales would be in the order of $100 million with a likely profit
margin of 5 per cent.
Because of Brandrill's tax loss situation, the advice indicated
a profit of around $5 million both before and after tax.
In today's update, Brandrill said it was also likely that there
would be an accounting requirement to recognise a deferred tax asset
relating to tax losses to the extent it was probable these losses would
be utilised in future periods.
The recognition of this deferred tax asset is likely to increase
net profits of the group in the order of $2 million