VALUATION and property consultancy firm LandMark White has delivered a profit result despite recording lower revenue.
LMW said the preliminary unaudited results for the 12 months to June 30 2010 shows total revenue will be down by approximately 5% however net profit before tax is expected to be in the range of $1.2 million to $1.4 million.
This is a significant turnaround from FY2009 when LMW reported a loss before tax of $556,000.
Net profit after tax for FY2010 is expected to be in the range of $800,000 to $900,000 compared with a loss of $729,000 in the previous year.
Australian Property Journal
