FY17 PBT guidance of A$5m – Edison
- Date: 19th May 2016
- Category: Investor News
- Origin: Edison
YPB Group (YPB) combines patented anti-counterfeiting technology with security packaging solutions, consulting and forensic services to help businesses protect their brands from the risk of counterfeiting and product diversion. YPB has announced that it expects to reach cash flow break-even by end Q117 and to deliver profit before tax of A$5m for the year ending 31 December 2017. This is the first time the company has given guidance for FY17 and follows a spate of successful contracts for the group, the latest being a memorandum of understanding to supply its technology to global packaging group Orora. YPB’s guidance is 16% ahead of Edison’s FY17 PBT forecast.