erg is profitable in 2004, page-52

the whearabouts of bonkers?sahares guru-banned The whererabouts of bonkers?--he was last seen at Shares Guru--banned shortly after making this most--on Saturday the 13/9/03 (sexual deviancy)
bonkers



Joined: 14 Jun 2003
Posts: 405
Location: If I could change date of membership I'd make it the 23/6/03
Posted: Fri Sep 12, 2003 8:22 pm Post subject: 12/9/03 The West Australian--expects a notice-San Francisco2

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ERG has recently received sign off on phase one of the San Francisco project and expects a notice to proceed to phase too shortly.
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Friday profit wrap: Red facesSep 12 16:08
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http://afr.com/articles/2003/09/12/1063341761193.html
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ERG
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Perth automatic ticketing operator ERG Group Ltd said it was budgeting to return to profitability in 2003/04. The company posted a net loss of $198.3 million for 2002/03 after an improved second half financial result. This compared to a net loss of $243.4 million in the previous year. ERG has struggled with questions about its financial viability after reporting losses of $125 million for the first half ended December 31, 2002. In July this year, ERG shares tumbled from $1.02 as the company announced it had lost a $30 million tender to install a new "smart card" ticketing system for the bus, train and ferry services of its home town, Perth. On Friday afternoon, shares in the company were up 1¢ to 92¢, from a year high of $2.55. ERG said that with new projects in early ramp-up stages it was budgeting to return to profitability in the second half of the 2004 financial year, resulting in a return to profitability for the full year. "The ability of the group to be profitable in 2004 is largely dependent on the successful delivery of major projects such as Seattle, Stockholm, Sydney and Washington DC," the company said. "ERG's immediate focus is the delivery of these projects which have a projected supply value of approximately $200 million excluding the long-term operating revenue benefits."