NRW Holdings (ASX: NWH) has provided bullish guidance for the first half of 2018-19 with big increases in expected revenue and profit. NRW said first-half revenue was expected around $500 million (up 45% on the same period last year), EBITDA was tipped to be around $70 million (versus $40.3 million for the same period last year) and earnings of about $45 million, an increase of 100% on the same time last year. NRW attributed the strong guidance to an improved operational performance.
Leading Australian civil and mining contractor NRW Holdings Limited (ASX: NWH) is pleased to provide updated guidance for the 6 months ending 31st December 2018.
Highlights
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Revenue (1) is expected at around $500 million – up 45% on the same period last year
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EBITDA (2) is expected to be around $70 million compared to $40.3 million in the prior comparative period
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Earnings (3) are expected to be circa $45 million, an increase of 100% over the same period last year.
NRW CEO and Managing Director Jules Pemberton said, “Despite some weather impact on Queensland projects during October activity levels for the year to date remain on track to deliver full year revenue in line with our guidance of $1.1 billion. I am exceptionally pleased however with our operational performance so far this year which has continued to improve across all parts of the business and is clearly demonstrated in our earnings outlook”.
