Austin up despite Australian troubles

AUSTIN Engineering has reported $20.6 million net profit after tax for the 2021-22 financial year, up 525% on the $3.3 million received in FY21. That is despite lingering supply chain and labour disruptions caused by COVID-19 in Australia.

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Austin's new bucket

Total revenue for FY22 was $203.3 million, up 2.6% on the $198.1 million received in the prior corresponding period, with earnings before interest, taxes, depreciation and amortisation at $32.