Provider of reverse charge calling services Reverse Corp Ltd
(ASX:REF) says it expects to report net profit after tax for the half year to December 31, 2009 of between $3 million and $4 million.
The company says the result has been impacted by the strengthening Australian dollar and reflects continued systemic declines in call volumes in both the UK and Australia.
Reverse Corp says its Irish business continues to improve but plans to launch its Spanish business have been delayed.
The company says it has identified a way to expedite its launch into other markets and will test this approach in the New Year.
Reverse Corp says it may continue to retain some or all of its future earnings to fund expansion.
Reverse Corp’s profit for the year ended June 30, 2009 was $13.32 million.
