I thought the result deserved some caution.
The further fall in ICT as a % of revenue to 24% (was 27% at HY), suggests that there was a continued decline here and not just the TLS Christmas Shutdown effect.
Although government work picked up by (est) $7m, I note from the AusTender database that about $4m of that seems to have come from one contract with the Australian Tax Office that looks due for completion by 31 August, so revenues may be bumpy.
DWS have always been underwhelming in their outlook statements, so I don't read too much into it, but there doesn't seem much indication of increasing profits at this point. Given the likelihood that they remain in transition and needing to replace previous revenues from the ICT sector, I would treat with caution.
- Forums
- ASX - By Stock
- DWS
- results for fy12
results for fy12, page-5
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DWS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online