Cavico expects FY2008 revenue to increase by 58.5% to $60.0 million and revenue for FY2009 is expected to grow by 33.3% to $80.0 million. The Company estimates net income of $0.9 million in FY2008 and expects net income to reach $3.2 million, an increase of 255.6%, in FY2009. Cavico forecasts that the anticipated growth will be driven by existing and new operations managed by the Company, including its entry into the wind energy market. The Company expects the increase in mining and construction operations to be led by the growth and development of the Vietnamese economy.
If this comes to fruition and asian markets settel down. I can also see institutional investors getting in. We will see the PPS back up to the $2.00 level by year end.
We will then be in a position to possibly move to another exchange.
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