Financially, Kayson's turnover has consistently grown in real terms over the past 20 years, as demonstrated by the company's long-term growth trends (Figure 1). Our company's real turnover over the last Five-year period has increased by a whopping 432%.

In 2008, we asked our employees to work smarter, more efficiently, and with a renewed focus on project performance. They responded. Our company sought and won quality projects, and we improved our already strong record for delivering projects on time and within budget. As a result, Kayson’s key strategic business segments turned in another strong performance, producing the highest turnover in the company’s history. Our turnover (based on purchasing power parity), which stood at 378 million dollars in 2006/2007, rose by 44% to nearly 546 million dollars in 2007/2008 and an unprecedented 83% to over one billion dollars in the 2008/09 fiscal year (Figure 2).
 
In line with the Company's diversification strategy, although civil and building construction business segment contributed over 50% of our total revenue over the past few years, the share of other business segments (Energy and Industry, Water and Wastewater) rose substantially to 30% and 14% respectively (Figure 3).

With greater emphasis on quality management, technical expertise, efficiency and by concentrating on EPC projects we are well-positioned to take bigger strides toward building a world-class organization. On average, 79 percent of our revenue in the 2003/2004-2007/2008 fiscal years came from projects executed via advanced project delivery systems (Figure 4).

We are also realizing significant global growth as the value of our non-Iranian contracts approached 800 million dollars in 2008/09 fiscal year. We have worked hard to become established in the CIS, Latin America, Africa and the Middle East, where the region is putting oil profits to work by building infrastructure. As a result, an increasing percentage of our revenue has come from overseas projects (Figure 5).

We began 2009 with a very strong backlog of work, and we are confident that this year and beyond, Kayson will continue to be Iran’s engineering and construction company of choice. During our 35th year of service, we will consolidate the gains we have begun to achieve. Those  gains include:

	Strategically penetrating attractive markets in Iran as well as overseas;
	Enhancing our offerings through better applications of technology and work processes;
	Improving our project management, commercial management, cost containment as well as flexibility and diversity;
	Refining and optimizing our organization, which is working well, and continuing to improve the speed and quality of our decision making.