METS

Nullagine contract boosts Watpac

A STRONG performance by Watpac’s civil and mining contracting divisions has helped the listed contractor and property developer achieve an after-tax profit of $A26.8 million for the 2010 financial year – 138% up on the previous year.

Andy Graham
Nullagine contract boosts Watpac

Operating profit of $31.6 million was up 232% while revenue was $1.16 billion, a 16% increase. Shareholders will get a final dividend of 6.5c per share, taking the total dividend to 11c. “We have delivered...

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