AUSTRALIA'S NYLEX FORECASTS GROUP NET PROFIT FOR 2004/05.

AsiaPulse News, July, 2004

SYDNEY, July 22 Asia Pulse - Nylex Ltd (ASX:NLX) have forecast the group's net profit before tax (NPBT) to be between ($US15.00) million and $A23 million ($US16.43 million) for the 2004/05 year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is expected to be $A54.0 million ($US38.57 million) to .0 million ($US40.72 million).

Going forward Nylex said its core strategic strengths would be higher profit margins across all businesses, a reduced manufacturing cost base and growth through strong brand-oriented product ranges in growing markets.

"The end to the restructuring process sees us focusing on growth markets such as water, waste and plant hire and the promotion of innovative products under our major brands in the Consumer...