Revenue for the FY2022 was up by 20.0% y-o-y to A$809.3 million, which is a record for the group. The higher revenue was thanks to the timing of the projects, which saw higher revenue within the group’s resources and infrastructure, marine & defence segment and offset by the energy segment.
Dual-listed construction and engineering services provider Civmec Limited has reported earnings of A$50.8 million ($48.8 million) for the FY2022 ended June, 46.0% higher than FY2021’s earnings of A$34.8 million. The higher earnings were attributable to the higher revenue and lower finance costs.
Earnings per share (EPS) for the period stood at 10.11 Australian cents, up from the 6.94 Australian cents in the FY2021.
