Their net profit increased 167%. Order book is a whopping 300million 3Q EPS = 7.5cents per share (20.2million NPT) Gross profit margin is 34%. PEC just entered into the European market. If earnings maintain at 7.5cents per share, that gives it 2.7 PE. Last 3 quarters, total earnings were 13cents. If earnings were to be the average of the last 3 quarters, PE would be at 4.6 Others: -Awarded Singapore Quality Class award,etc. 2006 Enterprise 50 Award in Year (6th position),etc. There is a list of it in the prospectus.
Hi there net profit increased largely due to an expansion of gross profits which is due to 2 factors. 1) one off settlement of project claims 2) cost of materials decline due to completion of middle east project. So to extrapolate the 3Q earnings to get a FY result may overstate the figures a little. No doubt business still likely to have grown despite the one offs. Note also that every 4Q, the firm operating expenses grows exponentially. Furthermore, at 9M revenue of $342mil, it means $300mil worth of contracts will barely last them under 9 months for 2010.
