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PXS [NR] – Keeping Busy with Steady Pipeline of Projects – Visit Note

1H15 revenue and NPAT reached 60% and 66% of 2015 full year guidance; actual 2015 revenue could exceed guidance by 25% thanks to new contracts. PXS to issue new shares including bonus shares and rights issue - proceeds from rights issue to be used to finance wharf expansion of its fabrication yard in Vung Tau.