Vmoto expects further growth in FY15

Company News

Vmoto Limited (ASX:VMT) expects further growth next year after reporting continued strong growth in operations through to the end of this year. 

The scooter manufacturer says it delivered its best monthly profit to date in October with normalised net profit after tax of about $537,000. 

Vmoto expects its previous earnings guidance for the full 2014 calendar year to be at the higher end of the range between $2.5 million and $3 million. 

Managing Director Charles Chen says the year ahead is shaping up to be another exciting year of growth for the company. 

Vmoto reported a net profit of $211,000 in the first half of the 2014 calendar year. 

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