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Duratec Limited ( (AU:DUR) ) just unveiled an update.
Duratec Limited reported its 1H FY25 financial results, showcasing a revenue of $287.3 million and a 12.3% increase in EBITDA to $26.9 million compared to the previous corresponding period. The company achieved notable contract wins including a $44 million project with Rio Tinto and significant government contracts in defense infrastructure, while also expanding its energy sector operations and acquiring assets from GF Engineering Pty Ltd. The firm anticipates continued growth, with an expected revenue range of $600 million to $640 million for FY25 and a forecasted EBITDA of $52 million to $56 million.
More about Duratec Limited
Duratec Limited is an Australian engineering, construction, and remediation contractor that focuses on delivering services across multiple sectors including energy, defense, and infrastructure. The company is involved in projects that range from small to medium-sized ventures, with a strategic emphasis on expanding its market presence and delivering value through its joint ventures and acquisitions.
YTD Price Performance: 16.00%
Average Trading Volume: 270,637
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$438.6M
For a thorough assessment of DUR stock, go to TipRanks’ Stock Analysis page.
