Cardno Limited (ASX:CDD) has delivered a record net profit of $36.1 million in the first half of its 2012 financial year, the six months to the end of December.
The engineering company’s profit came in 14 per cent higher than the year before and above its guidance on the back of a strong performance from its US operations, improving conditions in Australia and the contribution from recent acquisitions.
In the same period earnings per share rose 5.6 per cent, revenue gained 2.1 per cent and EBITDA added 12.3 per cent compared to the year before.
Earlier this week Rio Tinto Limited (ASX:RIO) awarded Cardno a $22 million contract to supply the design services for a major electrical infrastructure replacement project in the Pilbara region of Western Australia.
Shares in Cardno closed 2.12 per cent higher yesterday at $6.25.
An interim dividend of 18 cents has been declared, 70 per cent franked.
