Site Group International Limited Provides Earnings Guidance for the Full Year of 2012
The Directors of Site Group International Limited announce that the expected 2012 full year net loss for the company will be around $7.2 million, a $2.1 million or a 22.3% improvement over the 2011 financial year loss of $9.4 million. The Board expects gross revenue for the year of around $3.4 million versus $1.0 million in the prior year. This 240% increase in revenue is attributed to organic growth as well as the contribution of the two acquisitions completed during the year.