Needs more volume but should was through some of the placement...

Needs more volume but should was through some of the placement holders.

NPAT of ~ 2mill on Revenue of 112 mill for the first half, on some very rudimentary calculations = 1.7% margins here.

$110 mill of new work in the last two months.

Assuming these margins are maintained;

$110 mill x 0.017 = $1,870,000 NPAT.

Discount it to a margin of 1% - still looking to NPAT of 1.1 mill.

If DGX can trim a bit more fat, bump that margin up to say 2-2.5% it becomes a very attractive value prop over the years to come.

473 million in the pipeline for new work opportunities.