Civil and mining contracting firm Brierty has reported a significant lift in net profit to lodge a third consecutive record half-year result.
Brierty today announced a half year net profit of $5.4 million, up 29 per cent on the six months to December 31, 2011.
Revenue was up 41 per cent to $148.9 million, while the company will pay a fully franked interim dividend of 1.25 cents per share.
“We are actively growing the business while maintaining high quality delivery for our clients and consistent results for our shareholders,” managing director Peter McBain said.
Mr McBain, however, flagged a dip in earnings in the second quarter which will flow on to the second half of the financial year.
“Market conditions contracted in the second quarter,” he said. “Tender and enquiry levels have rebounded and we are optimistic of a better fourth quarter.”
At close of trade today, Brierty shares were down 3.6 per cent, at 40 cents.
