Hi Can anybody help me understand
In December Ann Commenting on the expected performance for the 2014 year and the outlook for the year ahead, Mr Meka said the company was forecasting 2014 revenues to be in the order of $355 million with a lower contribution to margin than previously anticipated resulting in an expected underlying EBITDA of $1 million. He said Ausenco anticipated 2015 revenues would be higher than 20
Then
1st April Ann: New international contract wins signal Ausenco’s solid start to 2015 Ausenco Limited (ASX: AAX) has continued to grow its global, diversified revenue pipeline, securing $177 million in additional revenue from several new and preferred contract awards and extensions in the first quarter of 2015. This has contributed to a preferred contractor and current work on hand balance of $147 million, an increase of $42 million since February 2015.
does this mean that AAX was at the time of the announcement going to be on track for the first mentioned $355 million plus an additional portion of the $177 million? which I gather may release an additional $42 million per year for perhaps the next 4.2 years or so? so at the time of the announcement were they possibly on track for roughly $400 million for year 2015 ?? I could not figure it out from the latest company report any enlightenment from somebody would be appreciated thanks
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