You were right goldy, not much of aplng in the six month report tabled today.
Given the dramatic reduction in revenue from coal mining, over 30%, they've done a great job holding onto the levels they have.
With the ramping up of aplng this half, coupled with order book and tendering, this half of the financial year, should see better numbers financial year end.
It appears as though they are managing employee numbers better, albeit no-one likes to see job losses. But I think the numbers reflect the activity, and resources needed to satisfy that activity.
If is a small word with a big meaning, but IF coal mining numbers had of been anywhere near where they were pcp, we would be crowing about the result.
Nice to see a 20% increase in dividend payment, now all we need is for the s/p to follow suit. Maybe this half huh?
WDS Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
