Home Capital Results

Civmec sees FY17 earnings halve to $8.4 mil on lower revenue

Michelle Zhu
Michelle Zhu8/22/2017 06:50 PM GMT+08  • 2 min read
Civmec sees FY17 earnings halve to $8.4 mil on lower revenue
SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.

Revenue for the full year declined 12.8% to $346 million from $396.7 million for the previous year, due to prior delays which took place earlier in the year in terms of securing and commencing new projects.

Gross profit for the period fell 14.8% to $37.1 million from $43.5 million in FY16, even as gross margin remained steady at 10.7%, down just 0.2 percentage points from that of the previous year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now