News: ITL delivers strong profit turnaround , page-7

Its a tough call Onyx to be honest I dont know the answer. The company has certainly been through some difficult times over the past several years.

To me, it seems as though they have secured their sales pipeline and reined in costs.

They are being hurt badly by the AUD/USD exchange at the moment. I remeber reading something a few years back that said something like, whenever the exchange rate moves up by 10%, it costs the company another $1million ...as most if not all their contracts are in USD.

It wouldnt appear to be something that is going to happen in the foreseeable future, but if the AUD was back at something like 70 cents to the USD...it would provide another kicker.

Maybe its time for the business (like many other businesses with overseas sales) to renegotiate the contract into another currency...