ydney - Tuesday - July 1: (RWE Australian Business News) - After...

ydney - Tuesday - July 1: (RWE Australian Business News) -
After more than a decade, and due to the new business disciplines and
strong governance that are now a feature of its continuing operations,
Solco Ltd (ASX:SOO) has forecast a maiden operating profit for the year
ended June 30.
CEO Mr Alex Lamond said, "It is pleasing to be able to inform
our loyal shareholders that the turnaround we have been pursuing over
the past 18 months is maturing, and is continuing to achieve milestones.
"This forecasted operating profit, whilst modest at around
$100,000 (subject any end-of-year audit adjustments or extraordinary
items), represents a turnaround from losses of $5.9m in 2006 and $2.3m
in 2007."
Solco also has a sound cash-at-bank position of about $3m.