News and Announcements
YPB Issues Earnings Guidance for 2017; Pre-Tax Profit of 5m for 2017, Substantial Revenue Pipeline Established
- Published May 19, 2016 4:44PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
19th May 2016, ASX Announcement
- Substantial revenue pipeline established
- Profit and cashflow breakeven by end of Q1 2017
- Pre-tax profit of 5m for 2017
YPB Group is pleased to provide earnings guidance for the Company’s financial year commencing 1 January 2017.
Progress made since the early 2016 launch of YPB’s end-to-end solution suite has provided the Board with sufficient information to reasonably judge earnings prospects. Significant revenue growth is anticipated in 2016 and 2017, which together with diligent cost management is expected to result in breakeven being reached by the end of Q1 2017 and pre-tax profit of $5m being realised for 2017.
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