PEC

PEC: Good quarter results. 4Q Rev at $140.7m +38.8% yoy +31.9% qoq with net profit at $4.5m +29.7% yoy 5 fold qoq. Co is seeing a decrease in gross profit due to cost pressures and pricing competition. Co expects FY2013 to remain challenging given the environment but has a healthy orderbook of $258m as of June-end 2012. Div of 2.5c declared.