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Civmec aims to build on growth through continued cost management, maintenance segment boom

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Yong Hui Ting

Yong Hui Ting

Published Mon, Dec 11, 2023 · 05:00 AM
    • Civmec CEO Patrick Tallon notes that the key to the company’s consistent earnings growth is careful attention to cost management.
    • Civmec CEO Patrick Tallon notes that the key to the company’s consistent earnings growth is careful attention to cost management. PHOTO: CIVMEC

    CONSTRUCTION and engineering services provider Civmec is on a roll.

    For its first quarter ended September, the Australia-headquartered company reported a 7.3 per cent year-on-year increase in net profit of A$15.2 million (S$13.4 million).

    Its top line grew in tandem to A$245.1 million in Q1, from A$228.3 million in the year-ago period.

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