AUSTRALIA

Civmec up on infrastructure focus

CONSTRUCTION and engineering firm Civmec has reported almost a 30% increase in its net profit after tax of $A17.5 million for the first half of the financial year, with a stronger order book of $270 million thanks to new Australian public sector infrastructure projects.

Civmec up on infrastructure focus

The Australian company, which is listed on the SGX mainboard in Singapore, said revenue increased by 97.8% to almost $300 million from almost $150 million for the same period in 2013. Gross margin remains...

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