monkey chomp at 23.5

Service Stream updates on FY09 forecasts
10:40, Thursday, 19 February 2009

Sydney - Thursday - February 19: (RWE Aust Business News) - On
28th January 2009, Service Stream (ASX:SSM) has revised its existing
guidance of $48 million EBITDA - earnings before interest, tax,
depreciation and amortisation - for the full year to June 30 2009.
The overall slowdown in the economy will lead to a reduction in
new business opportunities, which will impact full year forecast EBITDA,
the company said.
Together with the one off impact of losses incurred by McCourt
Dando, Service Stream now expects to report EBITDA of $38m for FY09.
The board remains confident that the company will continue to
operate profitably across all divisions, at a level generally better than
the earnings of the previous period for each division.
While not yet declared, the board anticipates maintaining the
interim dividend at the same amount as last year.
The company will report its half year results and declare its
dividend on 27th February 2009.