Oxley Holdings has reversed out of the red in FY2021 ended June with earnings of $13.1 million, comapred to a loss of $280.6 million in FY2020.

Revenue for FY2021 came in at $1.36 billion, 33% higher than $1.03 billion recorded in the same period a year ago, mainly due to higher revenue from the projects in Cambodia, Singapore and Ireland, partially offset by lower revenue from the project in the United Kingdom.

As cost of sales also increased by 33% y-o-y to $1.06 billion, gross profit for FY2021 came in at $296.5 million, 32% higher than $225.3 million last year. 

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