Telecommunications services group Service Stream expects to meet guidance for higher earnings this year despite challenging market conditions which have scared off investors since rival BSA issued a profit downgrade earlier this year.
Service Stream said net profit for the 2008 financial year rose 61 per cent to $18.1 million, and maintained its full-year dividend at 7.5¢ per share.
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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
