The directors of Tox Free Solutions Limited have increased the net profit forecast for the 6 months to 30 June 2005 from $700,000 (as announced on 24 February 2005) to $1,000,000 (an increase of 42%).
The operating performance of both the Port Hedland and Kwinana treatment facilities is continuing to improve. Both plants are running well with strong customer demand. The Company previously announced net profit after tax of $536,000 for the 3 months to 31 March 2005.
This level of profitability is expected to continue, with the month of April 2005 showing an 18% increase over budget for a net after tax profit of $259,914. This profit level is being achieved prior to proposed capacity upgrades at the Company’s facilities. Yours faithfully TOX FREE SOLUTIONS LIMITED DAVID McARTHUR Company Secretary
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