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AUSTRALIA'S MYOB EXPECTS TO MEET H1 PROFIT FORECAST.
MELBOURNE, May 1 Asia Pulse - Australian accounting software group MYOB Ltd (ASX:MYO) said today it expects to meet its targeted profit for the first half of 2002.
"While it is always difficult to forecast the second quarter because of high dependency on new product releases at the end of the financial year in Australia, we are confident at this stage of achieving first half profit in line with the forecast given when releasing our results in March," chairman Graeme Pearson said at the annual general meeting.
Mr Pearson said revenue from the first quarter from each regional area was above the same time last year.
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Source: HighBeam Research, AUSTRALIA'S MYOB EXPECTS TO MEET H1 PROFIT FORECAST.