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Thursday, April 03, 2008 10:47:36 PM
Very important statement, the total revenues stated since the first back log pr of 106 mil is nearly 160 mil now, and the first quarter has not even ended. Another 100 mil would really make this one of the best fundamental growth stocks in the market
China Architectural Engineering Chairman and CEO Ken Y. Luo commented, “The Dubai Metro project promises to be our largest effort yet outside China, with potential revenue far beyond that of the initial contract. As a major step forward in CAE’s Middle East expansion strategy; it will serve as an announcement of CAE’s arrival in one of the largest construction markets in the world. Also, this project is only for the first stage of the Dubai Metro System. CAE has a long-term commitment to the Middle East and foresees significant future demand for construction projects from Dubai and other cities and countries in this region. We are in the process of setting up a subsidiary in Dubai this year to capture this significant demand.”
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