METS

GR profits down more than 80%

PROJECT delays and deferrals, combined with one off-costs associated with a now resolved legal dispute, have resulted in an 80.6% drop in net profit for GR Engineering Services in the six months ending December 31.

Hannah Vickers
GR profits down more than 80%

Net profit came in at just $A1.3 million for the first half of the 2013 fiscal year, compared with $6.7m the previous year. Revenue was down 28.6% to $56.6m, while profit before tax sank 78% from $10.6m...

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