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BRIEF-Aconex Ltd posts FY net profit $5.7 million

Published 23/08/2016, 07:42 am
BRIEF-Aconex Ltd posts FY net profit $5.7 million
ACX
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Aug 23 (Reuters) - Aconex Ltd ACX.AX :

* FY 2016 appendix 4e ACX.AX

* FY revenue from ordinary activities $123.4 million versus $82.4 million

* FY net profit $5.7 million versus $11.6 million

* Says has not paid, and does not propose to pay dividends, for the year ended

30 June 2016

* Aconex may not be able to fully achieve its strategic objectives in the

strategic acquisitions of conject, incite keystone and worksite

* Inherent uncertainties exist in the integration of operations of acquired

entities

* Aconex may lose existing customers or key personnel, as a result of an

acquisition

* It may be difficult for Aconex to persuade its prospective clients to change

existing solutions and accept web-based information management solutions

* If market for construction collaboration solutions fails to grow at expected

rate, demand for aconex's core product could be negatively impacted

* If market for construction collaboration solutions fails to grow at expected

rate, aconex's ability to sustain and grow its business may be adversely

affected

* Says "significant declines in economic conditions may result in a

deterioration of aconex's trading and financial performance"

* Source text for Eikon ID:nASX51JYT4

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