Gross profit for the period fell 14.8% to $37.1 million from $43.5 million in FY16, even as gross margin remained steady at 10.7%, down just 0.2 percentage points from that of the previous year.
SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.
Revenue for the full year declined 12.8% to $346 million from $396.7 million for the previous year, due to prior delays which took place earlier in the year in terms of securing and commencing new projects.
