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.