Saunders International Limited provided earnings guidance for the fiscal year ended June 30, 2012. The company expects its operating profit before tax to be approximately $7.1 million before expensing the legal costs associated with the previously reported contract dispute which has been the subject of a recently completed arbitration. The company is forecasting the legal and related costs of this arbitration for the year ended June 30, 2012 to be approximately $0.8 million, all of which will be expensed during the year ended June 30, 2012. On the basis of the above, the company forecasts the net profit after tax for fiscal year 2012 to be approximately $4.4 million which would be 134% of the fiscal year 2011 result in which the legal expense was far greater.