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Shares in Decmil pop 25pc as it rides renewables boom

Colin PackhamEnergy and resources reporter

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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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Colin Packham is an energy and resources reporter at The Australian Financial Review Connect with Colin on Twitter.

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    Original URL: https://www.afr.com/companies/energy/shares-in-decmil-pop-25pc-as-it-rides-renewables-boom-20230419-p5d1om