Woy woy. Fair comment regarding revenue value of $31.7m. My typo in haste.
I am totally happy with the result and the fact that they are still winning ongoing work to satisfy receipts in the order of $16.4m for the quarter. (Less than the Sept quarter, but that quarter no doubt held the bulk of payments from earlier GOM work beforehand and was perhaps slightly inflated.) The business is all well and truly on track as far as I am concerned. It is only a quarter of business and is a huge improvement on the earlier year. In engineering, a large project here or there can easily sway a quarter's results one way or the other, depending on payment and project schedules. It would be interesting to know what they have in backlog.
And .... the best part in the current climate perhaps ... is there is not even the SLIGHTEST mention of downturn or subprime write-off to be heard of! You've got to love this sector. lol
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