PaperlinX issues profit warning

28 April 2005 – Melbourne (AUS): PaperlinX warned today that its annual profit is likely to be 20 per cent lower than last year due to weak demand, falling paper prices and a strong Australian dollar.

CEO Tom Park said: "Having just completed our March results and revised forecast, it has become apparent that the assumptions we used in our February guidance are not likely to hold in the fourth quarter."

The company now anticipates full-year earnings of A$87 million ($67.6 million), down from A$108.5 million registered last year.