GR Engineering Services Ltd recently announced its financial results for the half year ended 31 December 2018 (HY19). GREngineering reported HY19 sales revenue of A$91.3million, underlying EBITDA of A$5.9 million and profit before tax of A$4.4 million. GR Engineering’s Managing Director, Geoff Jones, said: “Project execution activity was lower in HY19 against levels experienced throughout FY18, directly impacting financial performance in GR Engineering’s core mineral processing design and construction business for the half.”

Upstream Production Solutions performed solidly, contributing to approximately half of the group’s total HY19 revenue. Positive outcomes were achieved in securing a total of approximately A$42 million in new work at Carosue Dam and Fosterville, reflecting GR Engineering’s strong capability in the design and construction of paste backfill plants.GR Engineering entered into material design and construction contracts during HY19 and into the second half of FY19, most recently in relation to the Northern Wellfield project supporting the Carrapateena developmentin South Australia and on a conditional basis in respect of the Sandy Ridge and Thunderbird Mineral Sands projects in Western Australia and Fungoni Mineral Sands project in Tanzania.

“Study activity remains strongin a supportive commodity price environment.GR Engineering remains well placed to demonstrate capacity and the resources required to achieve study conversion and successfully deliver mineral processing infrastructureto its clients.”