Cellnet anticipate profit rise

Mobile and IT distributor Cellnet Group is anticipating a 15 percent boost to its half year profits.

Cellnet said it expects to report a net profit of $2.9 million for the half year ended 31 December 2006, subject to final review, compared to a net profit of $0.7 million for the corresponding prior period.

The results will include a $2 million profit on the sale of the company's warehouse and office premises in Auckland.

The final result including the half-year financial report and commentary will be provided to the market on 26 February 2007.

finance