Happy to come in from the sidelines today at 2.7 as a speculative punt on profits increasing:
12:20, Wednesday, 18 May 2005
Sydney - Wednesday - May 18: (RWE Australian Business News) -
Tox Free Solutions Ltd (TOX) has increased the net profit forecast for
the 6 months to 30 June from $700,000 (as announced on 24 February) to
$1 million (an increase of 42%).
The operating performance of both the Port Hedland and Kwinana
treatment facilities is continuing to improve.
Both plants are running well with strong customer demand.
The Company previously announced net profit after tax of
$536,000 for the 3 months to 31 March.
This level of profitability is expected to continue, with the
month of April 2005 showing an 18% increase over budget for a net after
tax profit of $259,914.
This profit level is being achieved prior to proposed capacity
upgrades at the Company's facilities.
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