Lycopodium in line to repeat strong year: De Leo

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Lycopodium picked up the EPCM contract for Orezone’s Bombore gold project in Burkina Faso in 2021

Lycopodium says its general market outlook and level of committed work on its books point to financial performance in FY23 “broadly in line” with FY22, after reporting record net profit of A$27.2 million on a 43% year-on-year hike in revenue to $232.2m.

The company declared a bumper FY22 final dividend of 36c/share to take the full-year payout to 54c/share, or $21.4m.

Managing director Peter De Leo said the company, traditionally a dominant builder of gold plants in Africa, strengthened its position as a “premier partner in the delivery of lithium projects” in FY22 by winning significant new work in Western Australia, Mali, Namibia and the United Arab Emirates.

“It is fantastic to have secured such a strong pipeline of projects in Australia to complement our offshore work, providing our people with plenty of opportunity to engage with the exciting projects we are involved with around the globe,” De Leo said.

 

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