TechnoDex Bhd

Saw this posted on the EdgeDaily.com
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TechnoDex expects net profit of RM7m for FY07

By Gan Yen Kuan

Mesdaq-bound TechnoDex Bhd, a business technology provider specialising in open source solutions, expects to achieve a net profit of RM7.02 million on the back of RM12.46 million in revenue, for the financial year ending June 30, 2007 (FY07).

The projection represents a 60% jump in revenue and 40% in net profit, compared with the targeted revenue and net profit of RM7.78 million and RM5.01 million respectively for FY06. TechnoDex managing director and chief executive officer Nigel Lee said the projection was based on the wide interest in the company’s products. He said that the company would leverage on its matured technology platform and products to boost sales.

Compare that to what was printed in Star Business: TechnoDex to triple net profit

TECHNODEX Bhd, which is targeting a Mesdaq listing next month, is confident of reporting a net profit of RM5mil for the financial year ended June 30, 2006 – more than triple the previous year's net profit of RM1.4mil. Chief executive officer Nigel Lee Siew Tat said the better earnings would be mainly due to the value-added features introduced for its core product, the TechnoDex Enterprise Solution Platform.

He said the platform was an open source-based software that provided the flexibility and scalability for application developers to customise their solutions structure as well as business model to meet market needs. “The product has played an important role in widening our local customer base,” he told StarBiz in an interview.

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Huh?

The Edge: Mesdaq-bound TechnoDex Bhd, a business technology provider specialising in open source solutions, expects to achieve a net profit of RM7.02 million on the back of RM12.46 million in revenue, for the financial year ending June 30, 2007 (FY07).

The Star: TECHNODEX Bhd, which is targeting a Mesdaq listing next month, is confident of reporting a net profit of RM5mil for the financial year ended June 30, 2006 – more than triple the previous year's net profit of RM1.4mil

Fantastic isn't it?

See where the PROBLEM is?

Remember the recent articles about companies not meeting their IPO numbers?