04/02/2010 - 14:09

Forge lifts earnings guidance by 21%

04/02/2010 - 14:09

Bookmark

Save articles for future reference.

Engineering and construction services company Forge Group says it has started the year with a strong order book as it upgrades its interim earnings forecast by 21 per cent against its previous projections.

Engineering and construction services company Forge Group says it has started the year with a strong order book as it upgrades its interim earnings forecast by 21 per cent against its previous projections.

The company today said it had enough confidence to tip that its net profit after tax will reach $14.5 million, up from the previous guidance of $12 million.

Revenue is tipped to fall 8 per cent from the previously forecasted $120 million to $111 million.

"The company continues to secure engineering and construction works and commences the calendar year 2010 with a strong order book," Forge said today in a statement.

Shares in Forge closed up 15 cents to $2.35 today.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options