Mader Group’s first Quarter Revenue exceeds Forecast

Mader Group Limited (ASX: MAD) has exceeded forecast revenue for Q1 FY2020 (quarter ending 30 September 2019). The company confirmed that its estimated net profit for the first quarter is in line with the forecast. The company’s reported revenue for Q1 2020 was $67.1 million representing a 6 per cent increase from Q4 FY 2019.

Segmental Revenue Overview

  • The Revenue for the United States increased to $1.80 million from $0.87 million in Q4 2019
  • Western Australia segment revenue has shown an increment of 6 per cent from $41.2 million (Q4 2019) to $43.8 million in Q1 FY 2020
  • International (Africa, Asia and South America) segment revenue decreased by 26 per cent due to reduced contract volumes. The company recorded $4.7 million in Q1 FY2020 against $6.4 million in Q4 FY 2019.

Madder Group has recently entered new contracts in West Africa in Q2 FY2020. It is negotiating for further scopes of work in Central Africa and Southeast Asia which is expected to lead to a stronger Q3 and Q4 FY2020.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK