Minerals processing equipment provider Ludowici plans to grow its international business by targeting projects that are diverted overseas as a result of the RSPT.
In a statement today, Ludowici said its "growing international businesses would seek to win mining projects that are diverted from Australia to other nations as a result of the proposed Resources Super Profits Tax."
Ludowici said its operating performance for the year to date has beaten its expectations, but the federal government's new mining tax could affect second half results.
Post net profit for the six months to June 30 are expected to be $5.3 million, an increase of about 120 per cent over the result of $2.4 million achieved from continuing operations in the previous corresponding period.
"Operating performance in 2010 has to date surpassed early expectations and this is expected to continue for the rest of the first half of the year," Ludowici said.
"Current expectations are that earnings in the second half of the year will be similar to the first half, however the effect of the proposed new Australian Resources Super Profits Tax is not clear.
"If the uncertainty created by this proposed tax results in delays to new projects, then this would have an impact on Ludowici's Australian operations during the second half and beyond."
Shares in Ludowici were up seven cents, or 2.56 per cent, at $2.80 at 1212 AEST.
