Hansen Technologies Limited (ASX: HSN), is pleased to announce an upgrade of its operating results outlook for the full year to 30 June 2008.
Based on internal management accounts, HSN expects:
- Revenue to exceed $40 million
- EBITDA (earnings before interest, tax, depreciation and amortisation)
is estimated to be $20 million representing a 14.3% improvement
over the previously forecast $17.5 million
- After tax profit is estimated to approach $15 million, representing an $11 million plus increase on fiscal 2007, $3.3 million.
Andrew Hansen CEO said in announcing the improved results; "We are on track to exceed all of our objectives for this year.
"As reported previously, in spite of the sale of our NSW outsourcing business, and the natural reduction in revenue as a result, we have been able to deliver a significant year on year improvement in all other financial measurements."
Further details regarding the Company's performance for fiscal 2008 will be provided in August with the release of the full year's Annual Report