FY21 guidance: • 40%+ revenue growth • 35%+ gross profit margin • FY21 growth expected to be driven by: • Power plant activity returning to pre COVID-19 lockdown levels • New Pellet business lines: • Pelletising for other major AC players • Two new Pellet contracts signed in June are expected to contribute materially to FY21 revenue • Launch of new Pellet products for removal of phosphate and other nutrient contaminants from water • Strong margin expansion expected in FY21, driven by: • Higher margin new Pellet business line (gross margin increase to 40%) • Higher plant utilization • Elimination of reliance on third party input materials • Expecting to be profitable and cashflow positive from 2QFY21
yep, sure
CG1 Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
