Commander shows signs of recovery

Commander Communications Limited (ASX: CDR) is beginning to show signs of recovering four months into a turnaround plan designed to reverse the company's ill fortunes.

The company had posted a negative cash flow of over $118 million in the last six months of 2007.

But after the turnaround, the business is back in the black, posting a net gain of over $5.5 million in the 5 months leading up to the 31st of May this year.

The board expects to post a profit this year, but has warned shareholders that year-end profits will not be as high as was predicted in January.

Commander still expects a net profit of between $4.5 and $7 million dollars, but this is at least $1.8 million lower than the previous $8.8 million profit forecast.

Commander has blamed the industry-wide rapid decline in sales of stand-alone hardware products for this shortfall.

• Bookmark this page
• Share this article
  •  
  • facebook
  • slashdot
  • digg
  • Reddit
  • stumbleupon
  • linkedin
  • twitter
• Got more on this story? Email Computerworld
• Follow Computerworld on twitter

• Share
  Share this article

  •  google+
  • facebookfacebook
  • slashdotslashdot
  • diggdigg
  • RedditReddit
  • stumbleuponstumbleupon
  • linkedinlinkedin
  • twittertwitter
• print
• email
• Bookmark