Company Briefs

Civmec Q4 profit up 25.4% at S$11.59m

CIVMEC posted a 25.4 per cent increase in net profit to S$11.59 million for the fourth quarter, up from S$9.24 million a year ago, on the back of a two-fold jump in revenue over the period, thanks to good momentum in existing contracts.

The Australian heavy engineering services firm which caters to the resources and construction sectors saw revenue jump 110 per cent to S$166.69 million from S$79.45 million.