Markets

Bright spark in Southern Cross

Proving that timing isn’t everything, Southern Cross Electrical Engineering has exceeded prospectus forecasts despite debuting at the beginning of the collapse in equity markets.

Trevor Hoey

Updated Nov 17, 2009 – 9.13am, first published at 7.37am

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Southern Cross Electrical Engineering (SXE) listed on the Australian Securities Exchange in 2007, but the company’s operations as a provider of large-scale specialised electrical, control and instrumentation installation and testing services date back to 1978.

Unfortunately, Southern Cross Electrical’s ASX debut coincided with the beginning of the collapse in equities markets.