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Watpac unveils share buy-back and improved guidance

CONSTRUCTION, civil and mining contracting group Watpac has forecast a strong improvement in its financial performance and now expects full year pre-tax earnings for 2011-12 to be 35% higher thanks to work in hand of $A2.3 billion.

MiningNews.Net
Watpac unveils share buy-back and improved guidance

The company also flagged a share buy-back program to increase earnings per share. For the 2011 financial year, Watpac recorded a net profit after tax of $16.8 million, based on total revenue of $1.3...

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