Resource sector services company Sedgman Ltd
(ASX:SDM) has affirmed its fiscal 2010 profit guidance at the company’s annual general meeting today in Brisbane.
Sedgman forecasts earnings per share of 15 cents excluding amortization on intangible assets.
Managing Director Mark Read says the company is in a position to take full advantage of a $4.8 billion pipeline of project work being targeted over the next three years.
Mr Read also says the company’s recent capital raising has been predicated on securing two high probability coal projects to replenish the Engineering Services order book.
Sedgman’s profits took a big hit in 2009 after reaching a high in 2008.
