CGH 0.00% 11.5¢ calibre group limited

ASF"how did this contract ($140m) not change guidance?" Simple,...

  1. 61 Posts.
    ASF
    "how did this contract ($140m) not change guidance?"
    Simple, their guidance was for FY2013, and the announcement said 60% of the project revenue flowed into FY2014 and the remainder after that. The Announcement didn't say exactly when they start work under the contract, but presumably if it is before the end of FY13, then the extra revenue is either already factored into their new forecast, or if it wasn't, the extra revenue earned this year does not make material difference to their guidance?
 
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