Sydney - Tuesday - February 23: (RWE Aust Business News) - Keycorp Ltd (ASX:KYC) reported a net profit of $3.67 million for the half year to December 31 2009, down 62.3 per cent compared with the prior corresponding half. Revenue was up 34pc to $27.45m. An interim dividend of 1.5c, franked, will be paid March 19 with record date March 4.
**** Outlook "Our full year 2010 EBIT guidance has been revised upwards to circa $7.3m, which is a material increase from our previously announced guidance level of $6.5m," chairman Rob Bishop said. "This revised guidance reflects a combination of robust revenue growth and significant cost reductions achieved in the Dec 09 half year. "It also allows for the potential impact of any claims associated with the new year software problem which affected some clients. "As implied by the revised full year profit guidance, the growth experienced in the first half is not expected to be repeated in the second half due to lower product sales as the EMV industry standard for pin and chip technology reaches maturation and first half seasonality is not repeated." ENDS
Still any news is good news.
4TK
KYC Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
