Forge expecting big jump in profits

Engineering and construction company Forge Group is expecting a jump in earnings, releasing a forecast today for a full-year profit of around $70 million, up nearly 25 per cent on the previous year.

Forge said its revenue for the year ending June 30 would come in at $770 million.

The group lodged a $21.3 million after tax profit for the first half of the year.

Forge said it expected to release its finalised full-year results around August 15.

At close of trade today, Forge stocks were up 2.1 per cent at $4.31.