Aug 23, 2022 / 11:00PM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Wagners' full year results briefing. (Operator Instructions) It is now my pleasure to introduce Wagners' Managing Director, Cameron Coleman.
Cameron Coleman - Wagners Holding Company Limited - MD & Director
Good morning, ladies and gentlemen. We welcome to our 2022 full year results presentation. Today, I'm joined by Fergus Hume, our CFO; and also dialing in from London is the CEO of our EFC business, Michael Kemp.
Overall, our revenue of $338 million for the year was 5% higher than the prior corresponding period. Business delivered an operating EBIT result of $20.9 million. The overall result was driven by strong demand for construction materials and project services across the group, predominantly in our cement, steel and concrete businesses. While the FY '22 sales was stronger, our EBIT result was lower than that of the previous year, mainly due to the movement in project work, including the Cross River Rail project falling mostly into FY '21.
Business also witnessed an
Full Year 2022 Wagners Holding Company Ltd Earnings Call Transcript
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