Sydney - Wednesday - October 22: (RWE Aust Business News) - Amcom
(ASX:AMM) has started the new financial year very well with demand for
its products strong according to managing director Clive Stein.
"Our recurring revenue base, which is a lead indicator of
future growth, now stands at $45 million, up from $43 million at the end
of June 2008," he said in a corporatefile.com.au briefing.
"We have continued to experience a high level of new sales in our
Fibre division, which is currently producing $1 million of additional
annualised revenue a month."
Amcom remains very confident of achieving 25 per cent plus
operating EBIT growth in FY09 before equity accounting and one-off items
in
relation to the current sell-down and buy-back process
remains confident of 25pc plus ebit growth
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