ready to take off

This one has been quite for a while however with a strong first quarter one would expect to see the SP move upwards.

Statement of Financial Performance
Key points for the period to September 2005 are noted below;
• Revenue growth of 38.2% or $9,512,000 on a year to year comparison
• Total revenues of $34,388,000 as compared to September 2004 of $24,876,000.
• Revenue growth has been generated by acquisitions;
o International Drill Quip business - $1,957,000
o Manley Steels (Acquired Sept. 9, 2004) $1,921,000
• Organic revenue growth of 22.6%
• Partial recoveries of $800,000 associated to damages claim.
• Net profit before tax of $5,058,000 (September 2004 - $2,993,000)