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AUSTRALIA-BASED TEMPO SERVICES' YEARLY REVENUE HITS US$514 MLN.
(From Asia Pulse)
SYDNEY, Nov 18 Asia Pulse - Tempo Services Ltd chairman John Schaeffer said today annualised revenue was now A$720 million (US$514 million) and the services company expects this to increase as the year progresses.
"Our earnings for the first half, which traditionally have been lower than the second half, will be affected by higher interest and tax, one-off costs related to our businesses in the UK and New Zealand, and investment in projects to improve future profitability," he said.
"But these may be more than balanced during the year by significant opportunities that we are currently exploring."
Last financial year, Tempo reported net profit of A$7.3 million, which was impacted by an unforseen accounting treatment which reduced profit by A$2.9 million.
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