X

ASX-listed Web hosting and Internet services group Melbourne IT (motto: “Trusted for online success”) has revealed plans to sell off some of the company’s assets after experiencing “disappointing trading results”.

In a statement to the ASX, Melbourne IT said full-year 2012 earnings were likely to be down about 10 percent on 2011. On top of that, the company said, “a number of new opportunities that had been expected to come through in the second half of 2012 are delayed and are now not expected to materialise until 2013.”

Aggressive competitor activity on pricing had been contributing to declining results in its SMB e-business solutions segment.

To help things along, the board “proposes to hold further discussions with a number of parties, primarily large offshore organisations, who have previously indicated interest in potentially acquiring one or more divisions of our company.”

ARL0355 Arlo ESS Indoor Generic Banner 728x90 V4 scaled Melbourne IT Fire Sale Looms
2231 NEXUS 4SQM Digital Banner Ads Leaderboard 728x90 Melbourne IT Fire Sale Looms
728x90 7 Melbourne IT Fire Sale Looms
DCS 8300LHV2 728x90 smarthouse 1 Melbourne IT Fire Sale Looms
728x90 5 Melbourne IT Fire Sale Looms
LG HE FN Series Banners 4SQM LB 728x90 Melbourne IT Fire Sale Looms
Versa3 Leaderboard 728x90 Melbourne IT Fire Sale Looms
%name Melbourne IT Fire Sale Looms
BEL2117 4Square AUF001 728x90 Melbourne IT Fire Sale Looms
Incase LeaderBoard 728x90 Melbourne IT Fire Sale Looms


YOU MAY ALSO LIKE