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HP job cuts loom for Australian employees
A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.
read moreReckon shares drop on reduced profit result
Stan Beer
Tuesday, 23 August 2005 05:01
Shares in accounting software distributor Reckon (ASX:RKN) dropped slightly for the half-year to 30 June 2005 on the announcement of a 14% reduction in net profit because of a large tax bill for 2005.
Reckon recorded healthy growth in revenue of 18% to $22.2 million and EBITDA of 30% to $5.5 million for the half year to 30 June 2005 over the corresponding period in 2004. However, net profit dropped to $3.4 million from $4 million for the same period in 2004.
RKN shares closed down 3c to finish on 83c in light trading.
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