Southern Cross Electrical Engineering Limited provided earnings guidance for the second half and full year of fiscal 2014. Having reported gross margin in the first half of 23.5% as a result of the successful completion of key large lump sum contracts, gross margin in the second half is expected to be around 15%.

The company expects full year 2014 revenue to be in the range of $235 million to $255 million with full year 2014 NPAT in the range of $7 million to $10 million. This represents a decrease from current consensus forecasts. Full year gross margin around 19% compared to 22.1% in 2013.