Clough Limited
(ASX:CLO) has upgraded its full-year earnings forecast after a strong quarterly performance and cost-saving measures.
The engineering and project services company says it’s expecting fiscal 2013 earnings before interest and tax to come in at $90 million on revenue of $1.5 billion.
Fiscal 2014 revenue has been forecast to reach $1.35 billion.
Clough says the earnings upgrade reflects strong contract performance through the last quarter and the benefit of a continued focus on cost efficiency and productivity measures across the business.
Clough generated a net profit of $43.2 million for the first half of the current financial year.
