Konekt Limited (ASX:KKT) will trade higher after providing a positive update to its expected full year trading results for the financial year ending 30 June 2014.
Konekt expects that its full year Revenue will be 7% to 8% above the prior full year result.
Following on from the half year result where EBITDA was $803,000, the Board now expects second half EBITDA to exceed this by 7% to 15%.
As a consequence, subject to tax and other final adjustments that may be required following the annual audit process, profit after tax in the second half will likely exceed the first half result of $467,000 by 12% to 25%.
Konekt has commenced its finalisation of accounts and annual audit processes, and expects to announce its full year results on 20 August.
The company is one of the largest private sector providers of workplace health and risk management solutions in Australia.
It aims to help organisations minimise workplace risk and the impact of workplace injury resulting in reduced workers compensation premiums.
The company is valued at around $10 million.
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