civmec

Revenue is down 27.5% year on year at A$190.4 million

A final dividend of A$0.035 per share was declared for the period, unchanged from the year before

The aim of the deal is to consolidate the country’s sovereign shipbuilding capability under a single unit

Revenue rises 2.2% to A$502.9 million for the half-year, from A$492.3 million

Company cautions that delays to the timing of key project awards in FY2025 is expected to result in lower levels of activity in Q3 and potentially Q4 of FY2025

All assets, employees and licences will be transferred to ensure the uninterrupted design and build of six offshore patrol vessels under an existing contract 

The deals include fabrication, manufacturing, construction and maintenance work in Australia

Earnings per share come in at A$0.034, up from A$0.029 in the same period last year

ENGINEERING and construction company Civmec posted a 12.9 per cent increase in net profit to A$31.9 million (S$27.9 million) for the first half ended Dec 31, 2023, on the back of higher revenue.