YPB Group Ltd (AX:YPB) combines patented anti-counterfeiting technology with security packaging solutions, consulting and forensic services to help businesses protect their brands from the risk of counterfeiting and product diversion. YPB has announced that it expects to reach cash flow break-even by end Q117 and to deliver profit before tax of A$5m for the year ending 31 December 2017. This is the first time the company has given guidance for FY17 and follows a spate of successful contracts for the group, the latest being a memorandum of understanding to supply its technology to global packaging group Orora Fpo (AX:ORA). YPB’s guidance is 16% ahead of Edison’s FY17 PBT forecast.
YPB has announced significant revenue growth is anticipated for FY16 and FY17, which together with diligent cost management is expected to result in break-even being reached by the end of Q1 of FY17 and profit before tax of A$5m being achieved for FY17.
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