Hansen Technologies Limited (ASX: HSN) is pleased to announce an upgraded forecast of its operating results for the full year to 30 June 2010.
Andrew Hansen, CEO of Hansen Technologies said, "Continuing our trend of growth in previous years, I am pleased to announce our forecasted results for the 2009/2010 financial year represent another very successful year."
Based on internal management accounts, Hansen expects the consolidated group operating revenue for the financial year ended 30 June 2010 to be in the range of $57 million, resulting in a forecasted EBITDA of approximately of $17 million, a 19% increase on the previous year, and After-tax profit of $10 million, a 22% increase on the previous year.
Andrew Hansen went on to say, "With an EBITDA to Revenue ratio approaching 30%, operating performance is positioned at the high end of IT industry measurements. Hansen continues to be involved in significant customer projects globally. Building on this strong foundation, we are investing into and broadening our global sales operations in both the Energy and Telecommunications Industries."
Further details regarding the company's performance for Fiscal 2010 will be provided in August with the release of the full year's Annual Report.