Civmec : delivers continued growth in half year results
February 09, 2023
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News & Media Civmec delivers continued growth in half year results
Civmec delivers continued growth in half year results
News
09.02.2023
Civmec delivers continued growth in half year results
Civmec today released financial results for the half year ended 31 December 2022, delivering increased revenue and profits, together with a stronger balance sheet.
The half year saw several major projects successfully completed, as other projects ramped up and new contracts were awarded and extended.
"These results validate our strategy of working hard to grow our order book consistently and sustainably. Along with targeting diversified projects, a great amount of effort has gone into building a strong and skilled workforce who can optimally utilise our world-class facilities, systems and equipment," said Civmec CEO Pat Tallon.
Environmental, social and governance (ESG) activities were also strong, including a safety reaccreditation, head office gender balance targets met, and continued growth in employee development and training. Civmec currently has 124 apprentices, trainees and graduates employed within the Group.
Going forward, Civmec will continue its strong tendering activity, with a focus on securing projects that allow the company to grow at a sustainable rate.
Pat Tallon said, "Reflecting on our half yearly results, I extend my thanks to the entire Civmec team, our delivery partners, and the clients who entrust their projects to us. Let's continue to work together; collaborating, innovating and delivering successful outcomes with safety and sustainability top of mind."
Read our media release here.
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We offer a full turnkey service to the Resources sector, leveraging our integrated capabilities to provide clients with cost and schedule efficiencies.
Our expertise and diverse range of capabilities have been instrumental in the successful delivery of several major Australian projects.
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Civmec Limited published this content on 09 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 03:05:03 UTC.
Civmec Limited is an Australia-based multidisciplinary construction and engineering services provider to the energy, resources, infrastructure, marine and defense sectors. The Companyâs business activities include heavy engineering; shipbuilding; modularization; structural, mechanical, piping (SMP); electrical, instrumentation and control (EIC); precast concrete; site civil works; industrial insulation; maintenance; surface treatment; refractory; and access solutions. In the energy sector, it provides solutions for upstream and downstream energy projects. Its vertically integrated operating model supports the delivery of projects in the resource sector, allowing the Company to develop solutions for small or large greenfield and brownfield projects. It delivers several infrastructure, marine and defense projects across Australia, which include Perth Stadium, Matagarup Bridge and Perth Kidsâ Bridge. Its facilities are located in Henderson, Gladstone, Newcastle and Port Hedland.
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