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TMCNet:  Revenio Group provides guidance for 2012

[December 28, 2012]

Revenio Group provides guidance for 2012

Dec 28, 2012 (Datamonitor via COMTEX) -- Revenio Group Corporation, a provider of telemarketing and telecommunication services facilities, has announced that the company expects consolidated net profit for 2012 to remain at around zero or slightly in the red.

According to the previously released financial guidance, the net sales and operating profit for 2012 were forecasted to fall in comparison to 2011 figures, due to developments in the Systems segment. Operating profit excluding non-recurring items were expected to remain clearly positive.

For continuing operations, it is forecast that net sales and operating profit excluding non-recurring items will grow markedly compared to 2011. Net sales for continuing operations in 2011 were E21.5 million and operating profit E3.4 million, the company said.

A loss will be recorded for the divested operations, due to the loss-making nature of Done Logistics' operations and provisions for expenses associated with winding up the business, the company reported. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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