Tuesday, 23 August 2005 05:10

Commander shares plunge 18% despite strong results

By

Voice and data communication solutions provider, Commander Communications (ASX:CDR), announced strong results for 2005, with big increases in revenue and after tax earnings but still saw its shares slide sharply down on heavy trading.

Revenue for the year increased to $615 million, an increase of 25% over the previous year, while net profit after tax increased by 150% to $23.6 million.

Financial year 2006 guidance given to investors was conservative, with projected revenue growth of 23-23% and EDITDA growth of 2-11%.

CDR closed down 46c to finish on $2.07 in heavy trading.


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Stan Beer

 

Stan Beer co-founded iTWire in 2005. With 30 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

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