Decmil expects strong second half

DECMIL – the company which in 2014 won the $A147 million contract to design and build the expanded migrant processing centre on Manus Island – is expecting to deliver strong growth in the second half of this year.
Decmil expects strong second half Decmil expects strong second half Decmil expects strong second half Decmil expects strong second half Decmil expects strong second half

Staff Reporter

A Hartleys Research note says that in an update to the market regarding the rest of 2018, Decmil reports that guidance for second half revenue is 150% of the first half, which implies $210 million, versus Hartleys' estimate of $250 million.
 
"For financial year 2019, guidance remains less than $500 million - our estimates had $560 million. Additionally, margins under pressure due to bid costs. Our 12-month price target is $1.23 per share."
 
Decmil, which is 40 years old this year, is one of Australia's leading firms which tackles complex, multi-disciplinary project delivery.
 
The company specialises in remote building and construction projects in Western Australia, road and bridge construction in Victoria, specialist engineering in New Zealand and owns the 1392-room Calliope mining village in Queensland.
 

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