Recently, the Board announced that Ms. Anne Myers has been appointed as a Non-Executive Independent Director with effect from 12th July 2018. She has a good experience and has worked in the finance and technology industry for over 30 years with experience in business strategy, technology, digital innovation and operational functions and she has also worked in the not for profit sector for United Way Australia and was a member of the Industry Advisory Network for the University of Technology.
Further, the Company released its Profit Guidance for the financial year ended 30 June 2018 and based on internal management accounts and subject to audit, the Company expects total revenue growth to be flat and profit after tax growth to be up between 1 per cent and 5 per cent when compared to the previous financial year. The Company recorded $11.2 million in cash holdings with no debt at 30 June 2018. The Company will not make any announcement until the accounts have been finalised and approved for release to the ASX which are expected to be released on 16 August 2018. The stock slipped by 15 per cent and was trading at $2.58 as on 13 July 2018; 03:15 PM AEST.
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