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GNG - GR ENGINEERING SERVICES LIMITED


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  • 9 years later...

GR Engineering Services Limited (GNG) is into provision of high-quality process and detailed engineering design, procurement and construction services to the mining and mineral processing industry and the provision of operations, maintenance, projects and advisory services to the oil and gas sector.

 

 

HY21 Results Summary

 Revenue: $176.4 million (HY20: $95.3 million)

 EBITDA: $14.2 million (HY20 EBITDA Loss: $15.4 million)

 Profit Before Tax: $12.6 million (HY20 Loss Before Tax: $16.7 million)

 Interim dividend: 5.0cps (fully franked) (HY20: 2.0cps (unfranked))

 Cash: $52.8 million (31 December 2019: $20.7 million)

has managed to get back on track with earnings and dividend restored. However, it is vulnerable to macro conditions and to counter party failure when dealing with smaller outfits.

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  • 8 months later...

GNG is having a good year. Share price has nearly doubled in the 12 months, from $1.00 to $1.96 (up 20c on the Ann. today)

  • Full year revenue guidance for the year ending 30 June 2022 (FY22) is forecast to be in the range of $540 million to $560 million.
  • GR Engineering had previously advised that FY22 revenue was expected to be $440 million to $460 million.
  • GR Engineering is well positioned for significant growth in FY22 based on recently announced contract wins, increased confidence in the conversion of near term opportunities to engineering, procurement and construction contracts and the execution of the existing order book. Importantly, GR Engineering continues to build its contracted pipeline of work into FY23.

 
Commenting on the improved revenue guidance, Mr Geoff Jones, Managing Director said:

Quote

GR Engineering is forecasting significant growth on the record results achieved in FY21. The pipeline of ongoing and near term work is growing and provides increased revenue and earnings visibility for both FY22 and FY23, enhancing GR Engineering’s ability to deliver returns to its shareholders.
 


 

 

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  • ShareCafe Admin changed the title to GNG - GR ENGINEERING SERVICES LIMITED
  • 7 months later...

like most stocks GNG has been sold off in April/ May/ June from $2.20 to $1.75). There may be a lift as today:

The Directors of GR Engineering Services Limited (ASX: GNG)  are pleased to advise that full year revenue guidance for the year ending 30 June 2022 (FY22) is forecast to be in the range of $620 million to $640 million. (previously was expected to be $580 million to $600 million).

 

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