Australia's largest underground mining contractor Byrnecut Australia has reported a profit of $20.23 million for the 2018 calendar year, after lifting revenue to $991 million.
Diversification helped Murray Engineering boost its revenue during the resources downturn, and the business is now hoping its technology focus will create future growth.
Byrnecut subsidiary Murray Engineering has expanded interstate with the acquisition of electrical and mechanical engineering business SRO Group for an undisclosed sum.
Cost cutting may be the order of the day across the resources industry, but mining services provider Murray Engineering is marching to the beat of its own drum – hiring at its Pinjarra headquarters and opening a larger Kalgoorlie office.
