Thursday, February 17, 2011

Ausgroup rated 'underperform' by CIMB

Stock Name: AusGroup
Company Name: AUSGROUP LIMITED
Research House: CIMB

CIMB in a Feb 14 research report says: "2Q11 net profit of A$3.1 million (-9% y-o-y) was within our expectations. 1H11 net profit of A$5.1 million forms 53% of our full-year numbers. Revenue jumped 88% y-o-y to A$161 million due to milestone recognition, as several projects reached peak phases. Gross margins of 9.0% remain depressed.

Read more...

No comments:

Post a Comment