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read moreLongreach posts healthy results
Stan Beer
Wednesday, 01 June 2005 11:38
Communications solutions provider LongReach Group (ASX:LRX) has announced a healthy pre-tax profit in the company's full year results for the year ending 31 March 2005.
In the financial year, the company launched the Startronics joint venture, and completed the planned transition away from a manufacturing based business. The company has now moved to a solutions based business - focussed on sales of telecommunication products and services in high value, high margin and high growth markets.
Longreach reported an underlying pre-tax profit for the products group, before provisions, of $6,391,559 and a final net profit after tax of $231,562.
Revenue for the period (including the contribution from manufacturing and repairs up to and not after 26 August 2004 when Startronics commenced trading) was $36,228,000.
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