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Scee Half Year Results Announcement 24 February 2021 Highlights ASX & media announcement ASX code : SXE • Revenue of $ 135.4m down 27 % on prior 6 months impacted by later than anticipated award and execution of major resources projects ⚫ EBITDA of $ 9.7m down 9 % , EBIT of $ 7.3m down 9 % and NPAT of $ 4.5m down 15 % on prior 6 months • Coronavirus continues to have impacts on productivity • Acquisition of Trivantage Group completed in period • Expecting significantly expanded H2 with works carried over from H1 and Trivantage contribution • Targeting full year revenues of $ 420m • Balance sheet remains strong with net cash of $ 53.3m and no debt • Record order book of $ 500m Southern Cross Electrical Engineering Limited ( ASX : SXE ) today released its results for the half year ended 31 December 2020 . The first half of FY21 saw SCEE complete the strategic acquisition of Trivantage Group , a leading specialised electrical services provider to a range of sectors across Australia . The acquisition brings a transformational change in the breadth and depth of the group's recurring , services and maintenance offerings . The acquisition was completed on 16 December 2020 and as such there was no material contribution from Trivantage in the results for the period . Results for the half year ended 31 December 2020 Revenue for the half year was $ 135.4m , a decrease of 27 % compared to the previous six months and 41 % on the prior corresponding period . Activity levels were reduced in the half due to the later than expected award of Rio Tinto Gudai - Darri works and the delayed execution of other resources projects into the second half of the year . Key revenue contributors in the period by market sectors were as follows : Commercial - revenue for half year was $ 64m . Most of the revenue in the sector continues to be generated in the New South Wales market on a range of large construction and fit - out projects including Wynyard Place and at Parramatta Square 3 & 4 , where the works were completed , and continues at Parramatta Square 5 & 7 . Southern Cross Electrical Engineering Limited ABN 92 009 307 046 scee.com.au