'The shortfall in NPAT compared with Aprils forecast was brought about by unusually low sales in the last quarter of 2009-10, a write down on slow moving and obsolete stock and a customer dispute settlement'.
I think low sales were due to uncertainty coming into the elections. There are a lot of road projects currently put on hold. Once the election is out of the way it will back to business.
Does anyone have any idea as to what the customer dispute was over and how much money was actually paid out?
SRH Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held