Forecast Operating Profit Up 680%
Sydney, July 21, 2015 AEST (ABN Newswire) - Byte Power Group Limited (
ASX:BPG) announced its earnings guidance for the 2014-15 financial year.
Based on BPG's management accounts for the Company and its controlled entities (Group), the Group expects an improvement in operating profit of approximately 680% for the full 2014-15 financial year compared to the previous corresponding period (2013-14: $40K) and expects an increase in operating sales revenue by approximately 10% for the full 2014-15 financial year (2013-14: $4.32M). Despite some business segments experiencing a decrease in sales revenues, the increase of approximately 10% comes from the Asian Business Division which experienced an approximate 25% improvement in operating sales revenue for the period.
This profit update is subject to any adjustments arising from the Group's full year audit process.
About Byte Power Group Limited
Byte Power Group Limited (ASX:BPG) is a diversified technology solutions group with a particular emphasis on securing Asian business opportunities.
Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance Hybrid Artificial Intelligence Big Data Technology Platform consisting of 31 Advance Analysis Engines, 4 levels of Hybrid Correlation and Al Profiling Algorithms customised for governmental, healthcare, banking, telco and tourism industries. This proprietary Big Data technology platform elevated the AI Predictive Analysis and deep insight intelligence to a new paradigm, applicable to any market segment.
This Wimobilize Big Data technology powered e-commerce ecosystem will provide the next generation innovative trading platform for distributing the Company's Australian wine, organic honey and honeycomb.
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