RCR forecasts another jump in profit

Engineering contractor RCR Tomlinson has increased its profit expectations for this financial year, tipping a 15 per cent jump on previous predictions.

RCR announced a net profit of $8.8 million for the half year ended December 31, when it paid a maiden interim dividend to shareholders.

Managing director Paul Dalgleish said the company was forecasting another year of record revenue and earnings.

“Mid and long-term growth prospects remain positive with our strongest order book in the company's history, a record backlog going into FY13 and no debt,” Mr Dalgleish said in a statement.

At 10:15AM, WST, RCR stocks had lost 1.8 per cent, trading at $1.66.