MARKET ANNOUNCEMENT
Continuous Disclosure
Profit Guidance – Financial Year ended 30 June 2018
Sydney, July 12, 2018 – Integrated Research (“IR”) is in the early stages of preparing its financial statements for the year ended 30 June 2018. Based on internal management accounts and subject to audit, the Company anticipates total revenue growth to be flat and profit after tax growth to be up between 1% and 5% when compared to the previous financial year.
The result was primarily a function of the cyclical downswing in Infrastructure and an underperforming European operation. Though the result is disappointing, the fundamentals of the business remain sound with stronger licence growth anticipated for the new financial year.
At 30 June, the Company had $11.2 million in cash holdings with no debt.
This statement is made for market guidance. IR does not expect to make any further comment until the accounts have been finalised and approved for release to the ASX (anticipated announcement date: 16 August 2018).