Ann: Market update, record orderbook and tendered works, page-3

They already said 30-50% of npat, which would make it 4-6% IF they can keep up profitability to previous year (which is going to be tough thanks to labour/materials costs).

This announcement is quite vague though, looks like the board were told they need something to arrest the price drop and hashed this together.

190m orderbook is good, (and on top they state service agreements worth 30-40m p/a) but it's not telling much without timing of contracts. They need 240m a year to match previous years, so I guess hopefully they should be matching revenue from last year.

Revenue means nothing without profit margins either, would have been nice to confirm they're not impacted by labour shortage and construction materials going exponential. The lack of such suggests they are feeling impact to some extent, would have been nice for them to give a firm indication.