Just having a deeper look into the half yearly result.
The WA business put in a good effort with a profit of $4.4m, $300k higher than the previous result.
But two interesting aspects are Marc and PSI.
Marc's profit $114k against last years of $1.75m. Management have re-iterated that they can see a turnaround with capex's coming through.
PSI's losses continue (817k) against ($654k).
Interesting Note from the half yearly:
Note 10. Intangible Assets:
"On 1 Oct 2009 the Group acquired an additional 2.88% of interest in PSI for $1,115,678 taking the company's total shareholding to 72.48%".
The board and management must have massive faith in PSI, it drained $817k for 6 months and they just topped up with another 2.88%.
Let's hope that one day soon we see the benefits.
P
- Forums
- ASX - By Stock
- AEC
- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts , page-2
Featured News
Add AEC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online