re: first ever profit Electrometals expects $1m profit for...

re: first ever profit Electrometals expects $1m profit for year
12:57, Monday, 30 October 2006

Sydney - Monday - October 30: (RWE Australian Business News) -
Electrometals Technologies Ltd (ASX code: EMM) today said it expected to
achieve a full-year profit "probably in the range of" $1 million to $1.2
million on full-year revenue in the range of $7 million to $7.5 million.
This was based on internal management accounts to the end of
September and work in hand, and assumed no adverse events before the end
of the year.
In the full year to December 2005, Electrometals incurred a
consolidated loss of $389,456 on revenue of $3.88 million, with the
majority of the loss ($286,585) occurring in the first half of 2005.
Since then, the company declared a profit of $251,071 on revenue
of $2.77 million for the half-year to June 2006 and directors intimated
in the report accompanying the half-year accounts that they anticipated
this improvement would continue into the second half of 2006 and the
company would be able to report its first full-year profit