The company posted $200.4 million in revenue in the 2019 financial year, an increase from $126.3 million the year prior, according to financial statements lodged with the corporate regulator.
It recorded a $9.7 million after-tax profit in the 2019 financial year, up from $6 million in the 2018 financial year.
Duratec has worked for the likes of the NSW Department of Industry, Swinburne University and the Department of Defence. Its mainstay clients operate in the defence, commercial infrastructure and resources sectors.
Duratec's specialist access team – which provides maintenance, inspection and upgrade services to difficult-to-reach assets – started its first international contract in 2019, according to the company's website.
The company has been working in partnership with Camco Engineering to apply protective coatings to ExxonMobil's LNG facility in Papua New Guinea. The project is expected to finish by the middle of 2020.
DUR Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
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