Straits backs profit forecasts

STRAITS Resources has suggested it remains confident of meeting market profit expectations in 2005, while pointing out that the contribution from its mainstay coal business in Indonesia is skewed towards the second half of the year.

Straits backs profit forecasts Straits backs profit forecasts Straits backs profit forecasts Straits backs profit forecasts Straits backs profit forecasts

In an interview with corporatefile, CEO Milan Jerkovic cited analysts as forecasting net profits after tax of more than $50 million in 2005 – compared to $16.5 million in 2004.

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