Southern Cross Electrical Engineering (ASX:SXE)
has announced an underlying net profit after tax (NPAT) of $4.6 million for the half year to December 2017.
Revenue is up by 187 per cent on the same time last year to $176 million.
In more good news the company reported earnings (EBITDA) of $8.6 million compared to a loss of $1.8 million in the prior corresponding period.
The change comes after the acquisition of leading east coast electrical contractor Heyday.
This year’s revenue is expected to rise about $350 million
Shares in Southern Cross Electrical Engineering (ASX:SXE)
are trading 4.76 per cent higher to $0.77.