Based on the announced of contract wins and work in hand updates, I have calculated some very rough revenue figures. First half have revenue looks likely to be region of $65 million for VDM.
The month of November was probably the first profitable month that VDM has experienced in some time. It appears that revenue is starting to pick up, with revenue of approximately $15 million for November. To put this in context, I believe October and September generated approximately $8-10 million and management have indicated that October was approximately break even. Previous months appear to all be losses.
Now, these are rough estimates and compared with historical periods appear very low, but it does looks like a turnaround is starting to take place.
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