ASX-listed shares of Civmec fall on weak HY results

Civmec

14/02/2025 01:03

** ASX-listed shares of Civmec Ltd  CVL.AX  fall as much as
14.3% to A$1.045, their lowest since August 20, 2024
    ** Stock posts biggest intraday pct drop since December 
2022
    ** Construction and engineering services provider reports HY
NPAT of A$26.5 million ($16.72 million), down 16.9% vs last year
    ** Says HY EBITDA down 11.2% YoY    
    ** Stock down 16.4% YTD, including session's moves
    
($1 = 1.5845 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))