AmecFW posts H1 profit, Australia contract
Multinational “Operational discipline has improved, we have more than delivered on our cost saving targets and we have also seen the first tangible signs of sustainable growth: in the retained operations, trading margin is up 180 basis points compared to H1 last year with a 2% increase in the order book since the year end,” CEO Jonathan Lewis said in a statement.
The news came as the UK-based engineering giant said its joint venture Clough AMEC had achieved a “major breakthrough into [the] Australian petrochemicals sector” with a contract to maintain two ammonia plants in Western Australia, Yara Pilbara Fertilisers and Yara Pilbara Nitrates. The value of the deal was not disclosed.
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