While not providing any details at all, IT services company Objective Corporation has advised that its 2012-13 net profit should be in a range between $3.7 million and $3.9 million compared with $4.6 million in 2011-12.

Although the company’s share price has fallen from a 12-month high of 69¢ in December 2012 to a recent low of 37¢, this is in line with most of its peers as negative sentiment in the business sector has prompted the delay and cancellation of IT projects.