Calibre delivers 12.3% profit growth
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Engineering services company Calibre has lifted its first half profit by 12.3 per cent due to continued contracts in Western Australia.
The company posted a net profit for the six months to December 31 of $18.75 million, up from $16.7 million in the previous corresponding period.
It also lifted revenue by 43.3 per cent to $368.38 million and will pay an interim dividend to shareholders of 5.8 cents on March 22.
Calibre Group managing director Rod Baxter said the result further demonstrated the company's track record of earnings growth and continued workflow from its traditional blue-chip clients in WA.
"We are pleased to be able to report another record half year financial performance in a period characterised by volatility and challenging market conditions, confirming our belief that Calibre is well-placed to navigate current conditions and maintain continued strong growth for FY2013 and beyond," he said.