Gross profit of $106m. Take off Tax ($20m) and Interest ($15m), leaves $70m/year to put towards its projects.
It has set aside funds to repay loans that are due, so no problem there.
Sengkang and Pagbilao projects must be almost complete given the spending to date. Sengkang $439m, Pagbilao power $309m and Pagbilao LNG $140m. ie: Some of these projects are actually over budget.
Outlook for this company is very good, subject to bringing its projects into operation.
EWC Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
