The company said it expects its full year net profit to be between A$13 million and A$18 million.
"Compared with the second half of 2009, Ausenco has experienced lower first half EBITDA and cash flows as a result of later than anticipated project commencements, relatively higher comparable foreign exchange rates and lower than historic resource utilisation rates," Chief Executive Zimi Meka said in a statement.
So... whats the big problem? Its gunna pour when it starts raining. Bargin.
E.
AAX Price at posting:
$2.22 Sentiment: LT Buy Disclosure: Held
