The type of growth I am talking about here is INHERENT growth, rather than growth from new contracts.
for instance CHL has an agreement to superintend all of BHP's export coal. As BHP pumps out more coal thru the expansion of export port capacities, CHL will recieve greater revenues, and thus greater profits, as there is very little in extra servicing costs to test the growing tonnages. this type of growth is more attractive as it is basically cream on the top of the cake of contracts which already exist.
the new contract growth you speak about has been occurring also, but generally new contracts and continuations of existing contracts are not announced upon signing, because there are just too many contracts to make announcements for. What the company does do, is report on some of the larger contracts as part of the half and full year business reviews.
Regards, Cheerful.
CHL Price at posting:
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