Orbital narrows underlying loss
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Friday, 27 August, 2010 - 13:14
Orbital has posted a $4.5 million net profit after tax for the 2010 finanial year compared to a $2.5 million loss this time last year.
This improved the company's underlying loss which narrowed from $4.9 million to $2.6 million.
Orbital's revenue increased by 5.2 per cent to $17 million over the past 12 months.
Orbital's CEO Terry Stinson said, ""Three out of four business segments (including Synerject) achieved revenue growth."
"We are on plan," he said.
"The 2nd half turnaround should set us up for a return to profits next financial year."
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