A contract win or two in the collections services arm will do little to impact the bottom line. Whilst revenue growth in this area has been impressive over the last few years (from $18.8M in 1H 2013 to $33.7M in 1H2017), the segment result has flat-lined ($4.7M 1H2013 to $4.96M 1h2017). In fact 1H 2017 result was marginally worse than 1H2016 ($4.960M vs $4.963M).
It would seem that CH is chasing lower margin business in this segment - pedaling harder to maintain the same speed.
CLH Price at posting:
$1.36 Sentiment: Sell Disclosure: Not Held
