Your revenue is not correct. Also, you are looking at Gross Margin, I assume, and not actually NPAT.
Page 5 of the Annual Report summarises it as:
2017
Revenue: $3.2b
Gross Margin %: 38.1
NPAT: $67.9m (underlying)
Statutory NPAT: $11.9m
I think we can all agree that the pre and post Christmas revenues will be key and the H1 result will give us the real picture. Plenty of companies have gone broke even though they have strong revenue. Again, I point to the Q2 Trading Update - they are not being positive about sales or profit. "Sales and profit have deteriorated in recent weeks following a subdued Q1 performance. The recent trading environment is expected to result in a profit shortfall that is unlikely to be recovered in the remainder of the first half. Reduced foot traffic continues to impact the business."
Well, at least MYR are keeping the market updated and informed.
MYR Price at posting:
63.0¢ Sentiment: None Disclosure: Not Held
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