ICS AGM

The AGM of ICS is next Tuesday.  In line with recent AGMs I expect them to predict the profit to the current (FY19) period.  The last two years has seen one off increases in costs for ICT and restructuring.  It is likely that FY19 will be a year where costs increases are contained and the revenue increases at 10-12% as it has in recent years.  If that is occurring I expect them to forecast NPAT for 19 to be $0.8-1.0 million.