Valmec Limited announced consolidated earnings results for the half year ended 31 December 2018. For the period, the company reported revenue of AUD 47,475,000 against AUD 49,779,000 a year ago. Profit after income tax expense for the half-year was AUD 1,342,000 against AUD 1,621,000 a year ago. Basic earnings per share were 1.09 cents against 1.98 cents a year ago.

The company expects second half revenues and earnings to be significantly higher than the current reporting period with total 2019 earnings now expected to exceed 2018.