profit upgrade

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    PROFIT UPGRADE – FY2005/06 GUIDANCE
    Candle Australia Limited advises that subject to June trading and any unforeseen circumstances, the full year net profit after tax (NPAT) for the year ending June 30, 2006 is expected to increase by over 60% to approximately $11.6 million.
    The result reflects solid organic growth across the whole business and strong results from the recent acquisitions.
    The outlook for the business and demand for our services remains positive.
    Final audited accounts are expected to be released towards the end of August, 2006
    The Board of Candle Australia Limited also advises the decision to discontinue the discount on the Dividend Reinvestment Plan (DRP), effective immediately.
 
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