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News

• Myer still expects 5% profit decline

  Myer Holdings (ASX:MYR) maintained its forecast of an up to 5% decline in FY11 profit, due to fragile trading conditions

• Quickflix FY11 revenue grew 53%

  Online DVD rental company Quickflix (ASX:QFX) has reported strong gains in FY11 and fourth-quarter revenue, as a result of healthy subscriber growth

• World Reach expects up to $200k FY11 loss

  Telecom equipment company World Reach (ASX:WRR) estimates it missed its forecast of a profit in FY11, due to delays delivering a substantial order

• AP Eagers estimates record 1H profit

  Car group AP Eagers (ASX:APE) expects to report a pre-tax profit for the June half of a record $27.9m, despite the impact of the Japan quake on vehicle supplies

• Motopia mulls claim for underperforming M&A

  Motopia (ASX:MOT) may seek a warranty claim to offset the cost of its $8m purchase of mConnect, after the benefits fell short of seller-provided forecasts

• Integrated Research forecasts FY11 profit growth

  Monitoring software developer Integrated Research (ASX:IRI) expects to have overturned recent declines to grow its profit by up to 38% in FY11

• Vision Group beat own forecasts for FY11

  Ophthalmic services provider Vision Group (ASX:VGH) estimates it beat its revenue and ebitda forecasts for FY11, but advised of the imminent withdrawal of two Gold Coast doctors

• QMASTOR expects FY11 ebitda of $2.8m

  Industrial software provider QMASTOR (ASX:QML) expects to report revenue of $12.8m for FY11, and targets a $20m revenue in FY12

• Humanis estimates wider FY11 loss

  Recruitment company Humanis (ASX:HUM) expects to report a wider loss for FY11 than the $3.1m recorded in FY10, as a result of restructuring costs

• Razor Risk expects FY11 earnings slump

  Financial software company Razor Risk Technologies forecasts an FY11 pre-tax profit of as little as $250,000, on nearly 30% lower revenue of $10m

• Intermoco forecasts flat loss in FY11

  Smart grid company Intermoco (ASX:INT) expects an FY11 result in line with its $3.2m loss from last financial year, despite an expected decline in profit

• Solco expects record FY11 pre-tax net

  Solar technology wholesaler Solco (ASX:SOO) is forecasting record pre-tax profit and revenue for FY11, due to growing demand for solar components

• MyNetFone forecasts slight FY11 profit growth

  VoIP and broadband company MyNetFone (ASX:MNF) estimates an operating profit of $1.1m for FY11, up slightly from FY10

• Qantas expects up to $550m pre-tax profit for FY11

  Qantas (ASX:QAN) is projecting healthy growth in underlying pre-tax profit for FY11, despite an impact of $206m from natural disasters and continuing losses at Qantas International

• Adacel forecasts $3m pre-tax loss for FY11

  Adacel Technologies (ASX:ADA) now expects a $3m FY11 pre-tax loss, despite previously anticipating breaking out the black ink for the year