UGL Limited (ASX:UGL) says its net profit rose 9.7 per cent to $158.5 million in the 2011 financial year.
The engineering company’s result is its tenth consecutive year of profit growth and was achieved as the company built its services profile and focused on risk management.
In the twelve months to June 30, revenue rose 2.4 per cent to $4.3 billion.
UGL also advises that its order book is currently at $8.2 billion while gearing is at historically low levels.
Looking ahead UGL says it sees a "positive growth year” and says it will be assessing acquisition opportunities, but has not issued specific guidance.
A fully franked final dividend of 38 cents per share has been declared, bringing the total payout for the year to a record 70 cents per share.
