IMO the forecast made 5/6/2008 for 2009 year was based on their knowledge and estimate of the Malaysian goverment contract. The contract for china is extra. IMO the result this year wil be $50m +. Lets say Malaysian contract 9 months = $60m @65% margin = 39M plus consulting revenues and contribution from China ect ect.
I appreciate your comment regarding cash and we will find out sometime in August. IMO management should announce the commencement of dividends 09 and forcast 2010 2011.
This would reflect their confidence of payment current and future.
I have no inside knowledge and this is only my opinion based on research.
ETC
entertainment media & telecoms corporation limited