CONSTRUCTION and engineering group Civmec saw second-quarter net profit slide 76.3 per cent to A$1.3 million (S$1.25 million) from A$5.3 million a year ago, due to projects completing in the period, but expects to be profitable for fiscal 2019.

CONSTRUCTION and engineering group Civmec saw second-quarter net profit slide 76.3 per cent to A$1.3 million (S$1.25 million) from A$5.3 million a year ago, due to projects completing in the period, but expects to be profitable for fiscal 2019.

SINGAPORE (Feb 14): Civmec announced 2Q19 earnings fell 76.3% to A$1.26 million ($1.22 million) compared to A$5.31 million in 2Q18. This brings 1H19 earnings to A$5.81 million, 24.0% lower than A$7.65 million in 1H18. Revenue for 2Q19 declined 21% to A$134.9 million from A$170.7 million a year ago,...