Friday, July 22, 2011
Dyna-mac: Results briefing update. Margins are expected to normalize to 23-24% in absence of exceptionals. Future plans for co involve expansion of yard to Bintan and exploring setting up facilities in Indonesia to bid for local projects. Major clients remain as SBM and Modec but have recently seen potential for another, Bumi Armada which have earlier awarded them a FPSO project. For orderbook guidance, co is in process of tendering $700m worth of projects and has 3 major tender results due for nxt quarter .