ANO expects profit to be 2.5x higher in FY20 compared to the previous year, coming in at around $8.4 million. This is on the back of a 46% lift in turnover.

It also looks as though sunscreen manufacture has recommenced in the US and ANO says it expects an extension to the aluminium oxide supply agreement.

The market has reacted favourably, sending shares over 20% higher.

ASX announcement here

4th April, 2019

Advanced Nanotek has advised that the unaudited NPAT for the 3rd quarter is $1.8m -- 3x higher than the previous corresponding period and above what was previously indicated in late February.

Year to date, after tax profit is $3.4m, which is ~$4.5m if you annualise (although accelerating growth will likley see the full year figure come in above $5m).

XP Powder sales in the first 9 months of the year have already doubled FY18 levels, and the company has 100T of orders they expect to ship prior to year's end.

Full announcement here