Empired forges ahead

Company News

Empired Limited (ASX:EPD) is reaping the benefits of recent acquisitions and strong growth upping it’s guidance. 
 
Due to strong organic growth and recent contract wins Empired now expects FY 2015 to be in the range of $120 million to $130 million around ten million more than previously expected. 
 
Revenue for FY 2016 is also expected to be around ten million higher than before.
 
Empired says it has also secured $65 million in managed services contracts. All the contracts represent new business and include a $20 million contract with Rio Tinto.
 
Empired made a net profit of $1.19 million for the first half of the 2015 financial year.