On 1.6b of revenue they are forecasting only $35m to $37m of npat. There is a lot of work and revenue for a very small profit contribution around 2.4%.
This is getting better but not great. It would be good to know the impact COVID has had on the bottom line. If the bottom line was 10% of sales or say $160m. This would have a significant impact on company value and share price.
I expect that some of their contracts must be making losses.
MLD Price at posting:
81.5¢ Sentiment: Hold Disclosure: Held
