Inabox Group Limited (“Inabox”, ASX:IAB) provides the following guidance for FY15, update on the integration of Anittel and outlook for FY16.
Profitability for the second half of FY15 is expected to be below the corresponding previous half for the following reasons:
- 2H15 results will include approximately $0.6m of one-off acquisition and redundancy costs. These relate to the purchase and integration of Anittel and the recently announced restructure of Inabox Group; and
- higher interest (asset finance), depreciation and amortisation charges, relating to the Anittel business and our growing Cisco HCS platform which now supplies over 10,000 services to Tasmanian Government departments under a long-term supply agreement.
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