QMASTOR sees capital spending cuts

BULK material software firm QMASTOR netted a 187% year-on-year increase in profit in the last six months of 2008 to $A1.07 million, but warned some of its projects could be shelved as a consequence of the market carnage in commodities.
QMASTOR sees capital spending cuts QMASTOR sees capital spending cuts QMASTOR sees capital spending cuts QMASTOR sees capital spending cuts QMASTOR sees capital spending cuts

 

Blair Price

The software company said revenue in the second half of 2008 was $A4.97 million, up 138% from the same period in 2007.

QMASTOR managing director Trent Bagnall said the company was on track to deliver its full-year guidance earnings of A3.25-4c per share but also acknowledged current commodity market conditions had put its customers under serious cost pressures.

“QMASTOR has been advised that a number of projects that we are involved in are likely to be delayed or put on hold as mining companies battle their capital management positions,” he said.

“We expect, however, that this will have little to no impact on the 2009 earnings per share forecast.”

On the economic results from the 2008 second half, Bagnall said key contributions were made from the strong growth in the bulk terminal port sector and the release of the company’s new Horizon Advanced Planning and Scheduling product.

The firm provides software solutions for mining, port, power generation and other bulk commodity industries.

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