Civmec posts a 16.9% rise in net profit for 3Q24

The company also posted higher revenue.

SGX-listed Civmec recorded a net profit of $15.2 (A$17.1m) in 3Q24, marking a 16.9% YoY increase.

The company's revenue also rose by 37.6% YoY to $230.8 (A$258.3m), whilst its EBITDA increased by 15.2% YoY to $28.2 (A$31.6m).

ALSO READ: Civmec’s net profit surges 12.8% in H1 2024

Earnings per share stood at $0.030 (A$0.034), an increase from $0.026 (A$0.029) a year ago.

On the flip side, its net order book declined by 18.1% YoY to $733.7 (A$821m) compared to $893.6 (A$1.0b) in 3Q23.

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