Cimic Group reports 7 per cent rise in 1Q NPAT to $172M

Company News

by Anna Napoli

Cimic Group (ASX:CIM) has announced a 7 per cent rise in net profit to $172 million for the first quarter of the 2018 financial year.

The company’s revenue was also up 7 per cent to $3.2 billion compared to the same time last year.

Meantime, the company announced work in hand of $34.6 billion, the equivalent of more than 2 years revenue growth.

Cimic has confirmed its net profit guidance for 2018 in the range of $720 to $780 million.

Shares in Cimic Group (ASX:CIM) are trading 0.25 per cent higher to $43.87

  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.