The Directors of GR Engineering Services Limited (ASX: GNG) (GR Engineering) are pleased to advise that full year revenue guidance for the year ending 30 June 2022 (FY22) is forecast to be in the range of $620 million to $640 million.
GR Engineering had previously advised that FY22 revenue was expected to be $580 million to $600 million.
Commenting on the improved revenue guidance, Mr Geoff Jones, Managing Director said:
“GR Engineering is projecting a strong FY22 performance based on the year to date results and the current pipeline of ongoing work. GR Engineering remains well placed to maintain its strong dividend yield to its shareholders through FY23 and future years.”
GR Engineering is intending to release its results for the twelve months ending 30 June 2022 on or around 23 August 2022.
Ends.
ASX Release
About GR Engineering
GR Engineering specialises in providing fixed price engineering design and construction services to the global resources and mineral processing industries. GR Engineering has a proven track record of delivering integrated project solutions in over 20 countries across all major commodity types. As a group, GR Engineering employs more than 600 professional, technical and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.
GR Engineering Services Limited is listed on the Australian Securities Exchange (ASX: GNG).
For further information please contact:
Geoff Jones
Managing Director
+61 8 6272 6000
geoff.jones@gres.com.au
Omesh Motiwalla
CFO & Company Secretary
+61 8 6272 6000
omesh.motiwalla@gres.com.au
Follow GR Engineering on LinkedIn.