SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : UFAB - oil drilling deck fabrication
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Berkel who wrote (6)9/20/1997 2:02:00 PM
From: soozathelooza   of 337
 
michael...

the drop in earnings from 96 to 97
could be related to cost of rev..

cost of rev. in 97 was 58.6 mil. compared
to 40.4 mil in fiscal 96.

in 1996 a major contract obtained on a fixed
price basis ( i believe with Mobil Nigeria ),
was completed at a materials cost substantially lower
than estimated in the original bid.

cost of rev increased as a % of rev to
87.8 % in 97 from
77.9 % in 96.

this explains the increased earnings
of $1.84 in 96 compared to the $1.02 in 97.

paul.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News