NRW Holdings — Specialist Civil and Mining Contractors

A diversified business and one of Australia's leading suppliers of services to the Mining and Resources Sector

  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings
  • NRW Holdings

Profit Guidance FY 2010

10 February 2010

Profit Guidance FY 2010 (PDF version)

NRW Holdings Limited (ASX: NWH) advises that subject to audit review the Group expects net profit after tax to 31 December 2009 to be approximately $15 million compared to $19.8 million in the previous corresponding period.

As disclosed at the Annual General Meeting in November 2009, the company expects earnings to be weighted towards the second half of FY 2010. The group remains confident of revenue growth increasing 20% over FY 2009. Due to an aggressive tendering environment and timing of projects, the full year after tax profit will be in the range of $33 - $38 million.

NRW’s Directors and management remain confident on the outlook with the tendering pipeline standing at $2 billion and with recent significant contract awards, the company’s forward order book stands at a record $600 million.