ETC entertainment media & telecoms corporation limited

lumpy earnings, page-2

  1. TBE
    3,734 Posts.
    Lumpy receipts, not earnings. Earnings will be going one way and that is up for the forseeable future.

    Earnings are contracted and multi-year government agreements.
    Once this thing gets settled, earnings will be pretty predictable as it takes a while after an agreement is signed to set up eveything and commence installation/printing before you can invoice for funds.

    eg, it is already fairly well known that next year's earnings will be close to double this year's based on what they have with the Chinese Gas Tanks, Malaysian Immigration and the nearest contracts in the pipeline for the Vietname drivers license (potentially Malaysian too).

    Lumpy receipts are ok though.
    They have fixed term billing arrangement with China to pay quarterley IIRC. Nothing wrong with this at all.
 
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