CIMIC Group Ltd
(ASX:CIM) has released its first-quarter results for this year. The company’s quarterly revenue rose 25.6% to $3 billion, year over year (YOY).
The international infrastructure and engineering group also reported its first-quarter NPAT lifted 23% to $160.3 million YOY.
CIMIC confirmed that its NPAT guidance for 2017 will be between $640 million and $700 million.
The company also says it has a total pipeline of nearly $80 billion worth of tenders to be bid and awarded for the rest of the year – with a further $250 billion in 2018 and beyond.
This morning, CIMIC shares are trading 0.36% higher at $36.53.
