Engineering and contracting group RCR Tomlinson has achieved a record financial performance for the year ended June 30, with the company flagging further growth into financial year 2013.
RCR today announced a 33 per cent rise in revenue, up to a record $808.7 million, driving a net profit increase to $27.3 million, up 40 per cent on the previous year.
Operating margins improved from 4.8 per cent to 5 per cent, RCR said, with operating cash flows at $81.5 million on July 1.
The company declared a fully franked final dividend of 4.25 cents per share, taking its total dividend for the year to $6.25 cents per share.
“With order intake for the year of $1.2 billion and a forward order book of $618 million, RCR is well positioned to continue to deliver revenue growth,” managing director Paul Dalgleish said.
“The order book remains well balanced between recurring and project revenues, which are lower risk, and fixed price contracts.
“RCR’s record performance this financial year has significantly strengthened our balance sheet, which enables us to further expand our large project delivery capability and consider suitable acquisitions in order to provide a material step change for RCR.”
RCR stocks were down slightly today, tracking back 0.5 per cent by the close of trade, at $1.75.
