guidence 2007 profitability expected

ASX Announcement: 20/10/2006
Nylex 2006/7 Guidance
Nylex Limited yesterday lodged a Prospectus with the Australian Stock Exchange for a fully-underwitten rights issue to raise $30 million, as part of a $40 million capital raising program.
Executive Chairman Mr Peter George, said in the Prospectus that “ Trading for FY 2007 is progressing according to budget. Further details will be provided at the AGM, together with earnings guidance for the 2007 financial year and more information about the progress of the company’s restructuring plans”.
Last night Mr George went on to indicate that “Nylex is likely to return to profitability in FY2007 and is not expecting any large write-offs in that year”.
Issued by:
Peter George Tim Allerton
Executive Chairman City PR
Nylex Limited (02) 9267 4511
(03) 9303 1444.
Nylex Limited
50-70 PO Box 68
SOMERTON VIC 3062
Telephone: 613 9303 1444 Facsimile: 613 9303 1481
Web: www.nylexlimited.com.au
ABN 95 009 375 553
PO Box 68
MENTONE VIC 3194
Telephone: 613 9581 0211 Facsimile: 613 9581 0511
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