MACMAHON Holdings Ltd announced a record after tax profit of $11.7 million for the half year ended December 31 2005, an increase of 107 per cent on the (AIFRS adjusted) result for the same period in 2004. Macmahon generated $406 million in total revenue for the half, which was an increase of 45 per cent on the December 2004 figure. With existing contracts Macmahon already has $392 million of revenue booked for second half of the 2006 financial year and revenue for the full year is expected to be in the vicinity of $850 million – up from $641 million last year. Not surprisingly the mining division accounted for a significant amount of the business, with revenues of $207 million and continued growth in revenue from open-cut and underground projects. A highlight is the four-year $250 million BHP Billiton Orebody 18 project, which is due to commence next month. Macmahon is also the preferred tenderer for BHP Billiton’s Jimblebar iron mine project.
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21/02/2006 - 21:00
Macmahon half-year profit boost
21/02/2006 - 21:00
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Macmahon HoldingsClosing price for the last 90 trading daysPowered by Morningstar ®
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Rank Company Revenue 3rd Perenti $2,925.4m 4th NRW Holdings $2,673.1m 5th Macmahon Holdings $1,914.7m 6th APM Human Services International $1,894.5m 7th Monadelphous $1,726.7m 201 listed industrial wa companies ranked by revenue.
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