Duratec (ASX: DUR) shares up nearly 27% in three months. Here’s why

Wed 28 Aug 24, 02:01 AM | Team Kalkine

Image source: @Jason Goh/Pixabay

Highlights

Duratec is an ASX-listed company which offers refurbishment, remediation, protection and assessment services to assets

In FY24, DUR’s revenue increased by 13% YoY to AUD 555.8 million, driven by 79.4% growth in mining and industrial sector

Ertech Holdings Pty. Ltd. has the highest stake in firm with a shareholding od around 19.60%

Duratec Limited (ASX: DUR) is an Australia-based construction and engineering company that offers refurbishment, remediation, protection, and assessment services for a wide range of infrastructure and assets.

In the financial year 2023 (FY23), DUR achieved 58.6% YoY growth in its revenue to AUD 491.80 million, 158.5% YoY rise in EBITDA to AUD 35.96 million and 147.4% YoY jump in net income to AUD 19.20 million.

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