For the full year, Dyna-Mac achieved a 32.1% y-o-y growth in its revenue to $385.2 million. The upswing in revenue was mainly attributed to higher progressive recognition from projects executed in the 12MFY2023.
Dyna-Mac Holdings has reported earnings of $18.5 million for the 2HFY2023 ended Dec 31, 2023, an 81.6% y-o-y increase. For the full FY2023, the group recorded an 114% y-o-y increase to $28.7 million.
Dyna-Mac says this higher margin was made possible due to better utilization of capacity by intensifying land use, improved productivity and tighter cost control.
The group’s earnings per share rose to 2.5 cents from 1.27 cents in the same period a year before.
