mumbly,
revenue in 2009 is $495 million, in 2010 is $ 336 million.
Current $285 mill of work is for next 1-3 years, so I believe the revenue in current financial year will be much lower than last year.
Since Feb WDS only get less than $100 million job for next 12 month.
If you check the 2009, 2010 annual report, you will find labour cost is around $140 million per year.
I do know there are some contractors, but you know how much is each coal miner's salary? it's $130k-140 K per year! how many managers, directors? super, holiday pay,insurance... I already calculate the average $100 k each staff, 40% discount.
NWH has same number of staff, but it working on $1 billion projects.
I know math, that why I worry. I wish WDS can be awarded a big project from BG, Santos.
Current projects can just cover the labour cost. In 2010 $ 336 million revenue made a loss, you count on $285 mill this year to make profits? How come?
profit on $285 mill off work, page-10
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