According to the performance update, the company is performing better than last year up to June 2012 with sales up 36% in mining and 18% overall. They have a significant 18 month forward order book at better margins and opportunities for improved operating performance due to investments in key people and new equipment and property which have reduced debtors and inventory while delivering stronger cash flow despite very tough markets.

1. Performance Update
Up to June 2012

2. CEO Update – March 2012
High Level Summary:
We are performing better than last year.
We have significant upside via our 18 month forward order book at better margins.
We have many opportunities for improved operating performance.
We have invested in key people who are delivering.
Nepean Performance FY12:
- Irrespective of very tough markets in all divisions except mining
- Strong cash flow from operations
- YTD sales are up 36% {Mining} 18% Overall
- Significant reduction in debtors & inventory
- Significant investment on new equipment and property