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AusGroup reports 16.1% rise in 4Q earnings to $2.7 mil

Michelle Zhu
Michelle Zhu8/30/2018 07:47 AM GMT+08  • 2 min read
AusGroup reports 16.1% rise in 4Q earnings to $2.7 mil
SINGAPORE (Aug 30): AusGroup announced earnings of A$2.7 million ($2.7 million) for the 4Q ended June, up 16.1% from A$2.4 million a year ago on higher revenue and improved gross margin.
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SINGAPORE (Aug 30): AusGroup announced earnings of A$2.7 million ($2.7 million) for the 4Q ended June, up 16.1% from A$2.4 million a year ago on higher revenue and improved gross margin.

Revenue for the latest quarter grew 4.5% to A$126.6 million, which the group credits to overall strong performance from the energy and mineral process sectors.

Administration, marketing and other costs rose 15.6% to A$4.1 million over 4Q due to the effect of cost recoveries and operational efficiencies from project work.

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