Valmec Limited reported earnings results for the half year ended Dec. 31, 2016. For the half year, the company reported that sales revenue was $29.9 million, an increase of 10.9% on the previous corresponding period, reflecting increased works on Infrastructure projects and further growth in Gas Services markets. Reported earnings before interest, tax, depreciation and amortisation was $1.1 million which is down on the previous corresponding period. Cash flow from operations saw an improvement on the comparative reporting period (+$1.9 million) whilst gearing levels (net debt to equity) have remained stable at 24%.

The company expects second half 2017 revenues to exceed $40 million with significantly improved EBITDA returns compared to half year 2017.