SKE 0.00% $1.64 skilled group limited

1 for the SKE followers

  1. 2,522 Posts.
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    Just incase you missed it, I thought a quite impressive announcement. Price has risen in the last 3 days from 1.36 to 1.57.



    Skilled Engineering (SKE) announced today it expected its second half performance to be in line with the first half after reporting a net profit of $6.94 million for the March quarter, compared to a net loss of $3.39 million in the previous corresponding period.

    Skilled said the strong sales and profit reported in the first half had continued in the third quarter, with sales rising 10% to $429.96 million, compared to $412.47 million previously.




    The company also said: “The general economic environment, from our perspective, continues to be strong and we see no evidence at this time of a slow down, although we are conscious that such changes can occur very quickly."

    “We remain optimistic about the company's future prospects and we believe there are significant opportunities to continue to expand and to profitably grow the business.”



 
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