Contractors deliver strong first-half profits

Monadelphous has lodged a record profit for the half year ended December 31.
Strength in Western Australia’s resources sector has boosted the bottom lines of local engineering and construction contractors Monadelphous, Macmahon and LogiCamms, with Monadelphous being the pick of the bunch.
The company said its 26 per cent rise in first half profit was a record, adding that a growing number of resources projects would continue to drive revenue growth.
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