BLV 0.00% 1.6¢ blossomvale holdings ltd

Brilliant result from Neptune IMO. All divisions have made big...

  1. DSD
    15,799 Posts.
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    Brilliant result from Neptune IMO. All divisions have made big gains. 52m rev for 2Q waay exceeds my guesstimate of 43m. Real buying opportunity at 31c this morning. If only i had spare cash. But am happy to have a stake albeit at 37c.

    Revenue: $97 million for the six months to 31 December 2008

    Cash receipts: $78 million for the six months to 31 December 2008

    Cashflow from operations: $6.4 million for the six months to 31 December 2008

    Continues to benefit from niche service offering
    Perth, Western Australia: Leading engineering services company, Neptune Marine Services Limited (ASX: NMS) has taken advantage of its strategic position within the global oil and gas industry to deliver second quarter revenues of $52 million.
    The encouraging quarterly revenue growth represents a 15% increase on the previous quarter (231% increase year-on-year) and takes revenue for the six months to 31 December 2008 to $97 million.
    Managing Director and CEO of Neptune Marine, Christian Lange, said the result reflected a strong contribution from all divisions and confirmed ongoing demand for its niche capabilities.
    “Neptune continues to perform exceptionally
 
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Currently unlisted public company.

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