ASC adultshop.com limited

adultshop.com now expects net loss for fy06

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    Sydney - Thursday - August 3: (RWE Aust Business News) -
    AdultShop.com (ASX:ASC) said it would not achieve the previously forecast
    profit for FY06 of $500,000, now expecting a net loss for the year of
    between $300,000 and $500,000.
    This has arisen because of the occurrence of a number of
    unforseen non-recurring events in the month of June, the most significant
    of which was the unexpected relocation of the group's Canberra warehouse
    and operations in the final week of the financial year.
    This relocation resulted in unfulfilled sales orders in the last
    week of June which has a significant impact upon sales and profitability.
 
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