EARNINGS GUIDANCE 2008 YEAR – STRUCTURAL SYSTEMS LTD
Net profit before tax (“NPBT”) for the 2008 financial year for Structural Systems Limited (the “Company”) is forecast to be in excess of $20 million. Sales for the year are expected to be in the order of $270 million. The full year result includes a gain made due to the restructuring of the Company’s business interests in the UK.
NPBT on ordinary activities for the Company is forecast to increase by 21% on the $7.035 million (pre-tax) reported for the corresponding six month period last year and 46% up on the $12.316 million reported for the 2007 financial year.
Current work in hand exceeds $210 million.
About Structural Systems Limited
Structural Systems is an international specialist Engineering and Contracting Company, which provides innovative skills and services to the Construction, Civil and Mining Industries both nationally and internationally. The Company has three operating divisions including post tensioning, construction and geotechnical services.
Structural Systems operates throughout Australia, the Middle East and Poland and has in excess of 1,100 employees worldwide. Operations commenced as BBR Australia Pty Ltd in 1961 and became the public company, Structural Systems Limited, in 1987.
For further information about Structural Systems please see our website: www.structuralsystems.com.au
STS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
