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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