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Civmec reports 3QFY2024 earnings of A$17.1 million, up 16.9% y-o-y

The Edge Singapore
The Edge Singapore  • 1 min read
Civmec reports 3QFY2024 earnings of A$17.1 million, up 16.9% y-o-y
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Australian engineering firm Civmec P9D -

has reported earnings of A$17.1 million for its 3QFY2024, up 16.9% y-o-y, on the back of a 37.6% jump in revenue to A$258.3 million.

The company says it is well poised to capture potential construction, service and manufacturing contracts from multiple venues over the medium and longer term, from both commercial and public sector customers.

“I am proud to announce another strong quarter for our shareholders, with continued growth in both top-line revenue and bottom-line earnings and resilient profit margins," says chairman James Fitzgerald.

"An increase in the volume of maintenance-related awards reflects our increasing focus on maintenance works as a significant pillar of growth for the company," he adds.

The company says its order book is at A$821 million.

Civmec's Singapore quoted shares closed 78 cents on May 9, unchanged for the day and down 3.13% year to date.

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