RCR Tomlinson has paid its first interim dividend to shareholders, after reporting record earnings for the half year ended December 31.
RCR lodged a net profit of $8.8 million for the half year, a 27 per cent jump on the previous corresponding period.
Earnings before interest and tax spiked 33 per cent to a record $13.7 million, with revenues up 11 per cent to $331.1 million.
RCR said increased project activity in its resources business and strong demand for materials handling equipment in its mining division had contributed to the strong result.
The board declared an inaugural fully-franked interim dividend of 2 cents per share.
“The growth in sales and earnings in the first half is a result of our focus on operational efficiency and targeting larger contracts in the tier one space,” managing director Paul Dalgleish said.
“We have consistently implemented out strategic plan and our record results were predominantly achieved through organic growth.
“Our strong operational performance, which is fully supported by cash, has not only increased returns for our shareholders, it also enables us to pay an interim dividend of 2 cents per share fully franked.
Mr Dalgleish said the company had continued to build its order book in 2012, adding that further organic growth opportunities would arise in the short to medium-term.
At 10:00AM WST RCR stocks were down slightly, at $1.86.