VDM predicts downturn in profits

ENGINEERING company VDM Group is forecasting a slump in profits for the 2011 financial year as the company feels a lag in the award of new projects.

VDM predicts downturn in profits
VDM predicts downturn in profits
VDM predicts downturn in profits
VDM predicts downturn in profits
VDM predicts downturn in profits

Operating profit after tax for the 2010 year was $A16.7 million and, despite results so far tracking those of last year, the company is expecting an operating profit after tax of around $10 million.

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