Company Interview / Southern Cross reaching for the sky

Southern Cross Electrical Engineering (ASX: SXE), led by Graeme Dunn, reports a stellar first-half revenue of just under $400 million, marking a 55.5% increase, with net profits up 68% to $16.2 million. A record cash result enables an interim dividend of 2.5 cents per share.

Graeme highlights key projects, including a $60 million contract for Shellharbour Hospital and a $200 million 500MW battery energy storage system in Collie, Western Australia. The firm advances in infrastructure and renewables, capitalising on Australia's energy transition.

Graham foresees consistent growth for Southern Cross Electrical Engineering, with tailwinds from data centres and electrification efforts driving expansion. Despite moderate CapEx, the company retains a strong cash position, focusing on operational efficiency and robust projects.