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Civmec 4Q20 earnings surge to A$5.5 mil on improved gross profits and reduced finance expenses

Felicia Tan
Felicia Tan • 2 min read
Civmec 4Q20 earnings surge to A$5.5 mil on improved gross profits and reduced finance expenses
Civmec, the construction and engineering services provider, saw its earnings surge to A$5.5 million ($5.4 million) for 4Q20 ended June, up 4,476.7% from its earnings of A$120,000 a year ago.
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Civmec, the construction and engineering services provider, saw its earnings surge to A$5.5 million ($5.4 million) for 4Q20 ended June, up 4,476.7% from its earnings of A$120,000 a year ago.

The spike was due to improved gross profits and reduced finance expenses.

This brings the company’s full-year earnings to A$17.6 million, up 189.5% from A$6.1 million last year.

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