The global leader in simulation and training solutions provider has delivered strong earnings outperformance on the expected lower revenue. SimiGon had previously flagged that delayed delivery of its major $6.7m prime contract won in 2013 would affect recognised revenue in FY 2015, and we reduced our expectations to $6.8m. In fact, the company delivered $6.9m. Moreover, there was a dramatic reduction in overheads, across all areas but notably in R&D, which has led to a significant rise in
19 Apr 2016
Earnings outperformance on lower overheads
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Earnings outperformance on lower overheads
- Published:
19 Apr 2016 -
Author:
Cavendish Research -
Pages:
12
The global leader in simulation and training solutions provider has delivered strong earnings outperformance on the expected lower revenue. SimiGon had previously flagged that delayed delivery of its major $6.7m prime contract won in 2013 would affect recognised revenue in FY 2015, and we reduced our expectations to $6.8m. In fact, the company delivered $6.9m. Moreover, there was a dramatic reduction in overheads, across all areas but notably in R&D, which has led to a significant rise in