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PEC Limited reports 96% y-o-y surge in earnings of $6.9 mil for 1HFY2024

Felicia Tan
Felicia Tan • 2 min read
PEC Limited reports 96% y-o-y surge in earnings of $6.9 mil for 1HFY2024
Revenue grew by 50% y-o-y to $287.0 million due to a higher number of projects and maintenance works across the group’s geographical segments. Photo: Shutterstock
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PEC Limited, the provider of mechanical engineering and contracting services, reported earnings of $6.9 million for the 1HFY2024 ended Dec 31, 2023, 96% higher y-o-y.

Earnings per share (EPS) stood at 2.0 cents on a basic and diluted basis.

Revenue grew by 50% y-o-y to $287.0 million due to a higher number of projects and maintenance works across the group’s geographical segments.

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