Ann: Response to Appendix 4C query , page-6

Here was that quote I was referring to in my last post:

http://www.climatespectator.com.au/commentary/qa-gerry-mcgowan-1

Quotes:
"This year the team will be delivering those 5MW-a-month at around about €2.75 million per megawatt, so it’s going to be a significant revenue and profit earner for the group going forward. So, you saw us grow from whatever it was… $44 million last year to about $160 million in turnover this year. I would think, I’m hopeful that we would at least double that again in the 2012 year."

"But, as I said earlier, $44 million last year, about a $160 million this year. Next year, I believe we will double that and I think our profitability going forward is going to be very strong. The projects that we’re embarking on all have very good ROI rates of return and our costs; we tend to lock in long-term agreements with our suppliers and so we have known costs that we can tender on with a lot of confidence for the project."

Anyone know if the 5MW a month in Italy started in October as planned? Based on the figures provided that's about ~$17-18m revenue per month - assuming it is that's looking like a better second half...