Mainboard-listed Civmec's Q4 net profit falls 77%

SINGAPORE -Australian heavy engineering company Civmec, which is listed on the mainboard, reported a 77.4 per cent drop to S$1.48 million in fourth quarter net profit.

Revenue fell 22.9 per cent to S$88.4 million for the three months to June 30, compared with the same period a year ago.

Quarterly earnings per share was 0.26 cent, down from 1.31 cents a year earlier.

Net asset value was 32.11 cents as at June 30, up from 30.2 cents as at June 30 last year.

rachaelb@sph.com.sg