National solutions provider RXP Services has told its shareholders that the company expects to join the $100 million revenue club in the current financial year.
The annual general meeting held yesterday in Melbourne heard that 2016 revenue is forecast to be "in excess of $108 million" thanks to a "strong" start to the financial year.
“Financial year 2016 has started strongly. Our Q1 performance in terms of both revenue and PBT is in line with our expectation and positions us well for a solid H1 FY16," said RXP chief executive Ross Fielding.
"With a strong pipeline of work we are confident that momentum will continue in H2 that will produce FY16 results in line with guidance of revenue in excess of $108 million revenue and PBT in the range of 13 to 14 percent."
RXP Services also stated that the integration of its recent acquisitions – 10collective and Engage Viidacom – were "going to plan".
The company made $78.9 million revenue in the 2015 financial year, up 41.5 percent from the previous result. Net profit was also up, hitting $7.4 million.
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