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Matrix Composites & Engineering shares touching new yearly highs

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Matrix Composites and Engineering (ASX:MCE) shares are soaring, touching a 12 month record of $1.405 today.

Shares were trading at just $0.60 in mid-November last year.

The Group recorded a net profit after tax of $682,358 for the 6 months to December 2013, up 29.4% on the previous corresponding period. 

EBITDA of $7,661,398 represented a 20% improvement on the previous corresponding period.

Matrix provides engineering services to the energy and resource sectors, and is the only manufacturer in the southern hemisphere of subsea buoyancy systems for offshore oil and gas operations.

The company is valued at $133 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Matrix Composites & Engineering Ltd

Price: 0.245 AUD

ASX:MCE
Market: ASX
Market Cap: $25.07 m
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