fy06 net profit 5.94m vs 2.91m in fy05

Sydney - Wednesday - September 13: (RWE Aust Business News) -
Powerlan Ltd (ASX:PWR) reported net profit of $5.94 million for the year
to June 30 2006 compared with $2.91m profit in the prior year.
Revenue was $23.74m against $22.67m previousl.
Powerlan is focused on five core software businesses now, Biztech
Outsource, Clarity, Converter Technology, Garradin and IMX Software.
It is reviewing and refining business strategies, and helping the
subsidiary boards to implement these changes.
It is optimistic that all the necessary hard decisions have been
taken and the stage is set for significant regrowth of the business over
the coming years.
Next year the focus is on growth and it is expected to produce a
substantial improvement in revenue at slightly better than break-even,
with the following year producing further strong increase in both
revenues and a positive and healthy EBIT.
During the coming years the board may also decide to acquire more
businesses that have synergies with existing businesses.
However, acquisitions will not be made at the expense of
maintaining adequate working capital or continuing profitability.
If necessary, it may seek to raise additional capital.