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News

• NRW Holdings announces $780m contract win

  Mining services company NRW Holdings (ASX:NWH) said it had won a contract worth $780m over five years, announced an $80m equity raising and provided an update on its FY11 guidance

• Webjet forecasts 8% rise in Q3 pre-tax profit

  Travel website operator Webjet (ASX:WEB) has projected an 8% increase in Q3 pre-tax profit, despite disrupted consumer spending and the costs of establishing its international businesses

• Tel.Pacific forecasts a return to profit

  Tel.Pacific (ASX:TPC) expects a return to profit for the remainder of FY11 despite a $368k loss in the first half, as it learns to better manage losses from its Hello Mobile business

• CSG expects growth in FY11 despite pressures

  IT services company CSG (ASX:CSV) has forecast an up to 33% increase in FY11 profit, despite pressures from the recent natural disasters in A/NZ

• Amcom raises FY11 guidance

  Integrated telecom services provider Amcom (ASX:AMM) is expecting at least a 25% growth in FY11 profit, as it builds out a new suite of cloud services

• CPT Global to target international growth

  IT consultancy company CPT Global (ASX:CGO) intends to concentrate on growth in higher-margin international markets for the next 2-3 years

• Connxion halves FY11 revenue forecast

  Data and transaction services company Connxion (ASX:CXN) has cut its FY11 revenue forecast to $17-19m, from $38m, as a result of winding up its managed services business

• Intermoco expects to be cash-flow positive in Q3

  Utilities management company Intermoco (ASX:INT) believes it will end Q3 cash-flow positive, after starting to receive revenue from four embedded network projects

• Myer posts 5.2% profit slide, warns of more to come

  Shares in department store operator Myer (ASX:MYR) grew 3% on Thursday, even while the company warned it expects profit to decline in the second half

• Billabong shares slump on profit warning

  Shares in clothing company Billabong International briefly fell by 6.4% on Wednesday, after it revealed it expects its profit to decline due to the Japanese disasters

• Fragile economies could constrain Rio Tinto growth

  Mining company Rio Tinto (ASX:RIO) warned its short-term growth prospects could be constrained by the fragile state of OECD economies, even as it published record 2010 results

• Jumbo forecasts up to $4.4m profit for FY11

  Internet lottery company Jumbo Interactive (ASX:JIN) expects to swing back to a $4.4m profit in FY11 as it winds up its Manaccom software business

• Q Technology forecasts lower ebit, higher revenue

  Security technology developer Q Technology (ASX:QTG) expects its 1H ebit to decline by around 50% due to M&A costs, but said its revenue likely grew 66% over the same period

• MOKO.mobi 1H revenue doubles

  MOKO.mobi (ASX:MKB), developer of the eponymous mobile social networking platform, said its unaudited results show a 105% increase in revenue for 1H11

• MGM Wireless reports strong 1H profit growth

  MGM Wireless (ASX:MWR) said its preliminary accounting shows a close to tenfold gain in profit for 1H11, and that its revenue is now sufficient to fund its ongoing operations