Audit and Risk Committee Charter
NZX Announcement - Error in the Preliminary Announcement
The outlook said that based on our current forecasts we expect a profit before depreciation, amortisation and tax of approximately $4.43m for the whole financial year (2011 - loss of $0.63m). Including depreciation, amortisation and tax the forcast loss for the whole financial year is $0.43m (2011 - loss of $3.38m).
The $4.43m forecast is incorrect as it is the full year forecast before interest income, interest expense, depreciation, amortisation and tax. The forecast net interest expense is $0.53m; hence we expect a profit before depreciation, amortisation and tax of approximately $3.90m for the full year.
The full year forecast including depreciation, amortisation and tax the forecast loss for the whole financial year of $0.43m is unchanged (2011 - loss of $3.38m).
ENDS
For further enquiries contact:
Chris Sadler
Chief Executive Officer
Ph (021) 918 216
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