Subject great turnaround Stock Code ISS - ISS GROUP LIMITED Posted 13/09/06 10:00:09 AM Posted by rappaz IP 58.107.xxx.xxx Hotcopper Radio ISS on BoardRoom Radio Post #1249955 - 9 reads In Reply to msg #1106084
Market cap only 12 million, amazing turnaround story ignored by market! Got many giant mining companies in its clientele list, keep an eye on it because it is tightly held:
In the 2006 year, ISS began to see the benefits of last year�fs planned investment in establishing its distribution channels and its product R & D program. Revenue to 30 June 2006 was up 76% from the same period last year to $8.01 million (2005: $4.54 million).
Net profit for the year of $1.48 million highlighted a strong turnaround in the company�fs financial performance from the previous year (2005: loss $0.78 million). This was mainly due to the increased revenues and higher margins resulting from the previous year�fs investments in marketing and R&D in Australia and overseas.
Based on the strong improvement in operations and profitability, the board is recommending a maiden dividend of 0.5c for the 2006 year and activation of the Company�fs Dividend Re-investment Plan.
ISS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
