Cimic Group (ASX: CIM) reports strong March 2022 quarter results

Cimic Group Limited (ASX: CIM) has released its Q1 FY2022 results and reported strong revenue, EBITDA, EBIT and NPAT margins.

• Quarterly sales revenue increased from AU$2178.9 million in Q1 FY2021 to AU$2332.9 million in Q1 FY2022.

• EBITDA, EBIT and NPAT margins of 10.0%, 7.6 and 4.6% respectively versus 9.8%, 6.8% and 4.4% in 1Q21 on a comparable basis.
• The company was awarded with a new work of $4.2 billion during the three months of March, totaling the work in hand to $28.5billion as compare to $27.7 billion in December 2021.
• Cimic group has maintained its investment grade rating ( BBB-/A3/Outlook stable) by S&P and (Baa2) by Moody’s.

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