DBS Vickers Securities in a Feb 9 research report says: “Net profit rose 65% to $9.2 million in 2Q10 (FYE Jun), attributed to higher and above industry’s average gross profit margin of 24%, and higher sales recognition that tends to be lumpy in nature. We estimate that PEC has secured $32 million worth of small (<$10 million each) contracts and variation orders in 2Q10.
PEC rated buy
written by Editor on February 10th, 2010 |
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