FY2024 gross profit increased by 9.0% y-o-y to A$119 million thanks to the higher revenue.
Dual-listed construction and engineering services provider Civmec (SGX:P9D
) Limited has reported another record set of results for the FY2024 ended June 30. Earnings rose by 11.6% y-o-y to A$64.4 million ($57.0 million) while revenue grew by 24.4% y-o-y to A$1.03 billion.
The higher revenue was attributed to the group’s increased activity levels as well as the timing of revenue recognition on projects. Revenue for the group’s resources and infrastructure, marine & defence segments rose while revenue for Civmec’s energy segment fell.
