Business Description:
WDS Limited (WDS) is an Australian provider of the development, design, engineering, construction, fabrication and maintenance related services to the cross-section of energy, mining and infrastructure sectors in Australia. The Company delivers services through two divisions, being Energy & Infrastructure and Mining.

Strategy Analysis:
Following its poor performance in FY10 WDS underwent a restructure and introduced initiatives to tighten up financial controls and reset project selection criteria. However, its core strategies remain largely unchanged. The company intends maintaining and growing its key exposure to the buoyant coal industry and plans to consolidate as a full service CSG provider in order to capture emerging opportunities in the CSG-LNG market. The company also plans to grow its existing pipeline construction and maintenance services. WDS plans to use its existing capabilities to expand into adjacent markets and new geographies. WDC reported NPAT of $5.5m for the year ended 30 June 2011. Revenues from ordinary activities were $376.07m, up 12% from last year. Diluted EPS was 3.74 cents compared to (5.60) cents last year. Net operating cash flow was $29.93m compared to $15.94m last year. The final dividend declared was 1 cents, taking the full year dividend to 2 cents compared with nil cents last year..