Ann: Market Update , page-3

What do you mean it doesnt look good?

Its an expected loss (what company hasnt they last 6 months?) but projects coming up after June look very promising:

"the Company expects to incur a loss for the January to June 2009 half, but maintain profitability for the full year. The extent of the loss for the half is subject to final results for May and June, settlement of claims and other adjustments.
The outlook for the first half of 2010 has benefited from the deferral of revenues and income scheduled for this current period and the Company will be trading profitably going forward.
There are clear signs of improvement in commodity markets and in the demand for the full range of the Company’s services and products.
As an indication of the strengthening market, Brandrill has received a letter of award for the drill and blast civil work for CP Mining’s project at Cape Preston, which is subject to contract documentation. Drills have already mobilised to site. It is anticipated that this project will
proceed through the first half of next financial year."