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Rotary Engineering reports strong Full Year
Rotary Engineering Limited announced its full year results. Full year revenue was up 16% year-on-year to $678.7 million while full year PATMI was up 142% year-on-year to $50.1 million. This was attributed to an improvement in gross profit margin for the full year from 12% to 17% year-on-year. This was due to its focus on improving productivity through innovation and operational efficiency. Going forward, Rotary Engineering is focus on developing more innovative engineering designs. This will allow them to continue taking on work with expanded capabilities in addition to Storage tanks. The expanded capabilities include electrical and instrumentation, mechanical and piping works as well as tie-in with production and delivery infrastructure.
GET TO THE POINT : As customers want more integrated and one-stop solution providers, those companies with integrated engineering and engineering design capabilities like Rotary Engineering will be able to step up to the next level.
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