Perth-based construction and contracting company Decmil Group has reported a 24 per cent lift in net profit to $23.5 million for the year to June 2011, and outlined a large pipeline of growth opportunities across Australia.

The higher profit was on revenue of $394.2 million, up 20 per cent.

The company said the solid performance was achieved despite the slower than expected ramp-up of resources and oil & gas projects in Western Australia, which delayed the start-up of work programs.

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