Austal (ASX:ASB) share price on watch following profit surge

Austal Limited (ASX: ASB) shares will be on watch today following the release of the company’s first-half results. At market close yesterday, the Austal share price finished the day 2.7% higher at $2.30.

Let’s take a closer look and see how the shipbuilder’s performance has tracked for the period.

Why will the Austal share price be in focus?

The Austal share price could be on the move today as investors digest the company’s latest results.

According to its release, Austal delivered a robust performance despite continuing to navigate through COVID-19 challenges.

For the six months ending 31 December 2020, Austal reported total group revenue of $840.3 million. While this reflected a 19% fall from the prior corresponding…