PWR 1.24% $2.45 peter warren automotive holdings limited

Announcement

  1. 774 Posts.
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    Part of the announcement indicates divestment of the Systems Integration Business
    quote
    Whilst this business contributes strongly to Powerlan revenues (about half of the first half FY02 revenues), its bottom line contribution is minimal in the context of Powerlan’s overall earnings performance. The rapid commoditization and continuous reduction in margins of this business dictates that now i s the best time to divest it, We are currently working on a number of opportunities in this regard.
    unquote

    Can only hope this is the right decision.
 
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