Civmec

Civmec: Results generally good. 4Q rev was $113.6m +347.2% yoy with net profit at $8.4m +132.8% yoy. Higher rev was attributed to higher activity in both Oil & Gas and Mining and Other segments. Operations of the Henderson facility for the FY also allowed activities to be ramped up. Current orderbook amounts to approx $264m. A dividend of 0.6c has been declared. FY12 EPS of 6.05c which translates to a P/E of approx 20.2x