Its a corker of a result! Net Cash Income $4m ($10m turnaround)....

Its a corker of a result! Net Cash Income $4m ($10m turnaround). Precision Engineering actually making a profit of $7m. Offshore marine, oil and gas made a loss of $3m, however should return to profitability once work on the new orders come through and that should only improve results for the full year. Senior management should be congratulated for this result - long time coming trying to turn the company around.

Normal disclaimer applies. This is NOT an advice in anyway, just sharing my opinion only as per my own research on this particular stock.