Kentz Corporation good news on the numbers but shares now look expensive compared to others
Gross margins were marginally lower, 12.23% vs 12.39% in the comparable period, but operating margins marginally higher at 4.829% - the slim margins on offer highlight the perils of this type of contracting business!
The backlog of US$1,569.9m at the end of June 2011 has already further strengthened at the end of July to US$2,391.1m.
The geographical revenue mix changed with Southern Africa the major contributor with US$259.4m up 214% compared with the comparable period.…
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