24/02/2012 - 15:23

GCS delivers $12.6m first half profit

24/02/2012 - 15:23


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Global Construction Services has reported a $12.6 million interim net profit, citing strong performances by its labour hire, plant hire and resources and industrial divisions.

The result was a 38 per cent increase on the previous corresponding period.

First half revenue was up 50 per cent to $104.8 million, including contributions from the newly acquired labour hire division, Global Industrial Services.

Earnings per share was 7 per cent up, to 10.8 cents.

GCS said it would pay an interim dividend of 4.25 cents per share.

Managing director Enzo Gullotti said the board of directors was satisfied with the result.

“The result is reflective of the underlying strength in GCS and the increased level of activity cross a number of our key businesses, particularly the growing demand for our products and services in the Resources and Industrial division,” Mr Gullotti said.

“GCS is well positioned to capitalise on the increased activity in the resources and industrial market.

“We expect to grow this part of the business and are strategically positioning to capture the significant opportunities on offer.”

At close of trade today, GCS shares were up 2.46 per cent, to $1.25.


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