28 March 2011 – final results

The engineering and construction group has announced its results for 2010 revealing a 50% increase in revenue to US$1.06bn whilst pre-tax profits were 52% higher at US$67.5m.  Earnings per share were 54% higher at 40.66 US cents and the dividend for the year was increased by 67% to 10 US cents. 

These results are very creditable in the circumstances with growth being seen across all the group’s global business units.  At the year end the group had cash balances of US$231m whilst the order book was US$1.6bn.  The shares have risen on the figures but still stand some way below the high of 428.5p reached in January – they remain a BUY.