Ann: Half Yearly Accounts, page-54

Why do you see H2 as bad? Sincere question, interested in your take on it.

See
Strong Half-year Earnings (EBITDA) of $5,040,690
• Profit (NPAT) of $2,900,457
• Revenue of $110,030,157
• 1HY24 Alltype Engineering consistent at $42,223,002
• 1HY24 SIMPEC revenue $66,539,884
• Completion of strategic acquisition of Watmar Engineering Pty Ltd (‘WATMAR’)
• 1HY24 WATMAR revenue circa $1.3M (two months contribution)
• Cash Holdings of $16.1M

What I see is huge revenue to mkt cap, and actually good #s except for one thing. They generate very low profits on revenue. They would double EBITDA if they just charged 5% more or reduced costs by 5%. Are all similar contractors so razor-thin on margins?