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KLM Group Releases Joint Managing Director's Address to Shareholders
Tuesday October 20, 2009, 10:54 am

Original Announcement: Joint Managing Director`s Address to Shareholders

KLM Group provided its Joint Managing Director's Address to Shareholders, reporting the turnaround experienced in the June half was significant, particularly when considered against the background of challenging economic conditions. In sharp contrast to the December result, the June half year was the most profitable six months trading period in the company's history with earnings before interest and tax of more than $3.5m. The strong June half has enabled the company to improve full-year revenue by 4.5% from $154m to $161m. The company recorded a trading loss for the first half of financial year 2009 of $1.3m after tax including the write-off of impaired goodwill associated with a security business acquisition.

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