Nice to clear this issue up. Correct me if I am wrong SXE carried booked the $10.5 mill disputed sum as revenue on there books. I also believe Decmil had a provision in their books for a similar amount. Therefore if you read the announcement that said the outcome will not affect the accounts I can only conclude that Decmil have agreed to pay at least the bulk of the sum in question.
Onwards and upwards SXE are a strong reliable well managed entity working in a tough industry where the financial position of some of their clients are not always clear. I expect a positive response to this announcement and a strong result financial result to be announced shortly.
Nice to clear this issue up. Correct me if I am wrong SXE...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $322.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4750 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 3 | 1 |
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| Last trade - 16.14pm 03/05/2024 (20 minute delay) ? |
| SXE (ASX) Chart |
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