Analyst Pin-board: PC1 – 1H2019 Update
PC1 had a decent 1H as it completed 50% of its 2019 revenue target and 55% of its NPAT target. PC1’s 1H2019 business results achieved 49% and 58% of our 2019 estimations for revenue and NPAT respectively. PC1’s 1H2019 revenue went up by 24% yoy because the construction segment doubled its revenue. However, the bottom-line decreased by 19% due to the drop in the real estate segment’s contribution into NPAT as PC1 had no new projects to handover in 1H2019.
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