Up 217.2%, page-31

Last year's half yearly results came out on the 14th of February, so not long to go now......

Looking at the AGM Presentation
Jan to June (HY) was Revenue - $35.9m; EBITDA - $8.2m; EBT - $5.5m
and FOUR months Jul to Oct was Revenue - $28.0m; EBITDA - $6.4m ; EBT - $4.7m

If we extrapolate to the end of the H/Y by adding a pro-rata extra 2 months to the Jul to October (and to be conservative shave off just a little for Christmas shutdowns) we get to approximately $41.0m revenue and Earnings before tax of nearly $7 million for the first half of the current 2023/24 F/Y.

We should be able to double these results into the second half meaning a potential FULL F/Y 24 EBT of at least $14 million.

Because the first half of 2023 financial year (i.e HY ended Dec 2022) was constrained by the strategic upgrades to tier one standards of the rigs in Pentium Hydro which caused dampened earnings in Vysarn (for that H/Y) last year's EBIT was lower than it might have been. It will be interesting to compare numbers above to last F/Y reported EBT of 7.07m. An eventual $14 m is going to look even better than it is!

What chance a final dividend?