Watpac Limited
(ASX:WTP) has secured over $82 million in new contracts in its construction and Queensland division.
The projects include the construction of a new centre for Griffith University and the expansion of a flour mill in Brisbane.
Watpac’s chief says it has successfully delivered many structures throughout Queensland, which has allowed it to continue building a strong portfolio in the region.
Watpac flagged a hit to full year earnings last month of between $60 and $90 million, impacted by weak conditions in the housing sector.
In the first half of its 2012 financial year Watpac generated a net profit of $4.9 million.
