RCR forecasts another jump in profit
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Thursday, 21 June, 2012 - 10:24
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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.
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