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Article: Battered stocks hold potential pay-offs.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 8, 2006
CopyrightCOPYRIGHT 2006 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Trevor Hoey
Aug 08, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Australian-listed Cellnet Group has fallen out of favour among investors in recent years. This is primarily due to its tendency to surprise on the downside, rather than its often disappointing profit performance. Cellnet recently posted a 2005-06 profit of $A1.6m, which is 76 per cent lower than previously, although this was the result of restructuring measures such as redundancies and inventory write-downs. Meanwhile, Korvest has posted a $A4.1m profit for 2005-06, which is 35 per cent higher ...