Shares in Decmil pop 25pc as it rides renewables boom
Shares in West Australian engineering group Decmil rose more than 25 per cent on Wednesday after the company said it expected annual revenue to jump by nearly a third as it profits from a rise in demand to build infrastructure projects such as wind farms.
Decmil said it took in $129 million in revenue during the three months ended March 31, and it now expected annual income to total between $470 million and $500 million. Such a result would be a jump of 30 per cent from its 2022 financial year, Decmil said.
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