Diversified contractor Duratec (ASX: DUR) strengthening pipeline of strategic opportunities.

Tue 02 Apr 24, 02:48 AM | Team Kalkine

Image source: Pexels

Highlights

Duratec Limited (ASX: DUR) is an ASX-listed company headquartered in Perth, Australia. Specialising in engineering, construction, and remediation, DUR boasts technical expertise in upgrading and extending the life and use of infrastructure across various market segments. Its core focus lies in safeguarding and restoring steel and concrete structures. In the first half of the financial year 2024 ended 31 December 2023, DUR’s revenue jumped 28.09% YoY to AUD 292.74 million, and net profit after tax grew by 55.81% YoY to AUD 12.23 million. The focus during the latest half period was on developing a pipeline of work and delivering in line with the growth objectives.

During the period, the company declared an interim dividend of 1.5 cents per share.

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