HUT - Real estate revenue and earnings surge while BOT projects provide sustainable cash flows - Small Cap Research
Tasco JSC is the biggest infrastructure construction firm in the North. After decades as a pure builder, HUT has transformed itself since 2015 by focusing on real estate and BOT projects while cutting back its construction business. Four of the seven BOT projects that HUT has invested in are currently collecting tolls, while the three remaining BOT projects will operate beginning in 2017 and 2018. HUT is also investing in six valuable real estate projects.