World Reach Limited revised earnings guidance for the fiscal year 2016. A review of the company's revenues in the year to date and its forecast for the remainder of financial year 2016 has indicated that several factors will impact its overall sales performance. In particular: the company had budgeted for the receipt of a significant product order in time for major deliveries to be effected shortly before 30 June 2016.

The next delivery of, and hence recording of revenues in respect to, that product is now not anticipated until fiscal year 2017; during November and December, industry-wide volatility in the international market for satellite communication products and accessories was observed; and the recall from sale by the network operator of one of its satellite handsets, which affected the sale of related Beam Communications docking accessories for a period of 4 months. The company's most recent update and outlook for the 2016 financial year, issued on 24 November 2015, was for an increase in its net profit before tax (NPBT). In view of the largely uncontrollable, factors, the directors of the company consider it prudent for that NPBT outlook to be adjusted.

It is now anticipated that the company's NPBT for the current financial year will be in the range of $400,000 to $550,000.