phg on track for $36 million annual turnover

The latest cash flow report shows Receipts from Customers of $6.78 million for the quarter. That suggests annual turnover of $27 million.

To that should be added the benefits of the Westmead takeover which settled two weeks ago. They expect annual turnover of at least $12 million from Westmead. So for the eight months remaining in the current year when it will be on the books, $8 million should be added to Receipts from Customers. That makes $35 million so far.

And then the Allied Health takeover, which was announced on 1st September and which is yet to be settled, is excpeted to add $2.7 million in annual revenues. If it settles soon then another say $1.5 million will accrue to 2008/09 revenues.

That makes $36.5 million turnover in 2008/09 in the absence of further takeovers and organic growth.