“As its orderbook has doubled to $896 million over the past year and as it has 50% more land, we expect Dyna-Mac to execute its orderbook at a faster pace. And as expected, it secured even higher margins than we expected for the new projects,” Seet writes in his Aug 7 report.
Maybank Securities analyst Jarick Seet has hailed Dyna-Mac’s “explosive” and “spectacular” set of results for the 1HFY2024 ended June 30.
Dyna-Mac reported revenue of $260 million, 43% higher y-o-y while its earnings surged 280% y-o-y to $38.7 million. The higher earnings were attributed to a surge in gross profit margin of 27.6%, more than double the gross profit margin of 13.5% in the corresponding period the year before.
