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China Eastsea Business Software Ltd

  • BY: Andrew Hore |
  • POSTED: 12/06/2009 |

China Eastsea Business Software says it will report higher than expected full year revenues but profits will still be relatively disappointing.

The IT and business process outsourcing software and services provider says that revenues will be 10.6m in the year to February 2009. China Eastsea will report a profit of 250,000 but that is after an exchange gain of 700,000.

Full year revenues of 8m had been forecast but the profit was expected to be 700,000.

Revenues fell 6% to 3.7m in the six months to August 2008. The interim profit was 108,000 after foreign exchange gains of 252,000.

Shares in China Eastsea fell 0.5p to 9.5p each, which values the company at 7.34m.

The results will be reported on 25 June 2009.

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