Revenue for the three months ended March fell 57% y-o-y to A$80.1 million from A$186.3 million a year ago, due to projects completing in the period and the timing of commencement of new projects.
SINGAPORE (May 14): Civmec, the construction and engineering services provider headquartered in Australia, has announced 3Q19 earnings of A$0.14 million, ($0.13 million) representing a 98.1% decline from its earnings of A$7.2 million a year ago.
This comes after accounting for existing and forecasted cost overruns on some near-completed engineering, procurement and construction (EPC) projects, says Civmec in its results filing on Tuesday.
