Upkeep agency Duratec is on observe to hit its full-year monetary targets after elevating interim revenue 10-fold to $7.8m.
The outcome was boosted by final 12 months’s $18m buy of oil and gasoline engineering agency Wilson’s Pipe Fabrication, with Duratec’s income for the December half-year leaping 75 per cent to $228.5m.
It’s tipping annual turnover of $420m to $460m.
The corporate, spun out of WA civil contractor Ertech 2½ years in the past, is targeted on extending the lifetime of concrete and metal buildings, together with bridges, mining vegetation and heritage buildings.
Its present work features a reburbishment of the facade on the Central Park workplace tower within the Perth CBD and upgrades at HMAS Stirling on Backyard Island and the RAAF’s Tindal air base within the Northern Territory.
Duratec’s interim dividend was doubled to 1¢ a share.
