CEO reconfirmed previous advice in Annual Report that Revenue would be in range of $30 -36m and EBITDA in range of $2-5m for 2015. We are yet to see what company tax rate IPP will pay, but I suspect it will be around 20%. Given they have no borrowings and provided there are no further write-downs, this should translate into a positive NPAT for the current year.
Recent press release (19 May, slide 13) showed a most recent monthly revenue of over $3m. Although monthly revenue is volatile, we now have the Thai portal contributing, so my expectation is that annual revenue will be at the upper end of the $30-36m range and similarly EBITDA.
Regards
Westind
IPP Price at posting:
$2.67 Sentiment: None Disclosure: Held
