RCR Tomlinson shares have jumped after the engineering contractor announced a 20 per cent upgrade on its expected full-year earnings.
RCR said today it expected to report a net profit after tax of around $27 million, a 40 per cent increase on the previous corresponding period and 15 per cent up on analysts expectations.
At 11:30AM, WST, RCR shares were up 8.8 per cent, at $1.72.
“The earnings update is based on current internal management accounts and subject to finalisation of the full year accounts and external audit,” RCR said in a statement.
