Structural Systems (STS), a small engineering, construction and mining contractor has just upgraded their Full Year guidance

Structural Systems (STS), a small engineering, construction and mining contractor has just upgraded their Full Year guidance. The Company has come through a number of tough years as a result of subdued construction activity on the East Coast and more recently with the downturn in mining activity where STS provides drilling services. After an improved HY result showing improved cash generation the Company has now lifted guidance for the Full Year. After good trading results in January and February the Board of Structural Systems Limited wishes to advise that the full year net profit before tax (NPBT) for the 2014 financial year is forecast to be within the range of $6.7 to $7.5 million. The middle of the range represents an improvement of 120% on the 2013 financial year. STS is a small operator, however, it pays steady dividends and is leveraged to a recovery in East Coast construction. (VIEW LINK)