Solid year for Calibre, Wilson

Private companies Wilson Parking and Calibre Group have posted solid results for the 2016 financial year, with one returning to the black and the other nearly doubling its profit.

Calibre, a diversified provider of engineering, consulting project delivery, construction and asset management services, revealed a net profit of $11.1 million for the 12 months to June 30, a massive turnaround from a $159.6 million loss reported in the previous financial year.

The FY15 loss was on the back of a $186.9 million impairment charge.

Calibre’s revenue for FY16 came in at $506.3 million, down 10.6 per cent on the previous corresponding period.

Calibre delisted from the ASX in December 2015 after completing a partial buyout of minority shareholders and the purchase of Sydney-based company Diona for $45 million.

Meanwhile, Wilson Parking (part of the Hong Kong-owned Wilson Group) has posted a 40.9 per cent surge in net profit for FY16 to $38.9 million.

Wilson, which was founded in Perth in 1962, reported a small 0.25 per cent increase in revenue to $930.7 million.

Its income tax expenses fell from $13.6 million in FY15 to $9.8 million for the 12 months to June 30.