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SYDNEY - Global second-hand goods franchise Cash Converters International Ltd has revised its net profit guidance for the year ended June 30 to A$11.5 ($12.99) million, up from A$9.8 million forecast in November last year.
Company secretary Ralph Groom said the guidance incorporated nine months of earnings from the MON-E and Safrock businesses, acquired in October 2006.
"Based upon a full year of earnings from these subsidiaries and generic growth, the NPAT for the financial year ending June 2008 is likely to be within the range of A$14.5 million to A$15 million," Mr Groom said.
The company is to release its unaudited results on August 29.
- AAP
