Adacel released another stunning profit result today: NPAT of $3.3 for the December half, which is an increase of 121% over the PCP.
For the full year, it now looks like Adacel will post a NPAT result in the region of $7mill+. This has Adacel trading on a forward PER of just 7.5.
The company is already stating that FY08 is looking solid, and a FY08 NPAT in the region of $9mill (on the back of a large FAA contract) would not surprise this investor.
massive profit increase
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