An integrated, multi-disciplinary construction & engineering services provider. [FY15 Turnover] Mining & Others (70.6%), Oil & Gas (29.4%).
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Aug-16, 1Q17 operating revenue slipped 7.1%, impacted by lower equipment sales, the decline in mobile termination rates in Australia & the depreciation of the Australian dollar. Net profit remained stable though, as the lower top line was offset by a drop in customer acquisition & retention costs, as well as lower traffic expenses. Factoring out currency movements, earnings would have risen 2.3%, despite the absence of exceptional gains.
May-16, 4Q16 net profit was flat as currency fluctuations offset increasing mobile data usage by Co's customers. Factoring out currency movements, earnings would have gained 4%. Operating revenue for 4Q16 fell 5.6% due to reduced mobile termination rates in Australia & lower handset sales in S'pore. For FY16, earnings edged up 2.4% despite a 1.5% decline in operating revenue.