Cabcharge full-year profit steady

Company ‘cautiously confident’ on 2014 outlook.

Cabcharge (CAB) has said it is ‘cautiously confident’ about the outlook for fiscal 2014 and says it expects to benefit from increased use of its products as the economy recovers.

The company posted a 1% increase in full year profit to  $60.6 million on the back of a 2.2% increase in revenue to $196.6 million.

Analyst expectations were slightly higher at around $65.7 million.

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