Engineering and property services company United Group Ltd
(ASX:UGL) has posted an 8.7 per cent rise in net profit for the financial year to June 30 of $142.5 million.
The company says the result is its ninth consecutive record full year result, with revenue jumping 36.7 per cent to $4.8 billion.
United says its order book as at June 30 2009 is near record levels at $8.2 billion.
CEO Richard Leupen says there is scope for the company to expand through acquisition, saying that UGL sees growth opportunities in existing markets such as rail transport, outsourcing of property services, liquefied natural gas and clean power and water projects.
United Group says it expects revenue for the 2010 financial year to be around $4.5 billion and adjusted net profit after tax of around $150 million.
UGL declared a final dividend of 35 cents a share.
United Group’s profits have been increasing year on year for the past four years.
