Georgiou Group, a key partner in delivering the Coomera Connector, has reported record revenue and profit for the 2024 financial year.
The national building and construction company has attributed its strong performance to a continued focus on strategic and consistent growth as well as strengthening its position in Western Australia, New South Wales and Queensland.
“Our values are undoubtably a contributor to our ongoing growth and profitability, and it is important to recognise the enormous contribution our people make to upholding these values and reinforcing all the reasons why we are ‘the best people to work with,” said Georgiou Group CEO, Gary Georgiou.
“The current market conditions have enabled Georgiou to secure work-in-hand (at 30 June 24) of $1.3 billion, positioning the company well, with a large percentage of budget revenue and margin already in hand leading in to FY25. The current work-in-hand is a good mix of different contract models and size of contracts predominantly across traditional capability and locations.”
Looking ahead, Georgiou shared that the company continues to target national expansion, while also consolidating progress and nurturing Georgiou’s people and clients after a period of significant growth.
In other news, Toll has expanded its operations at the Port of Brisbane.
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