Shares in Calibre Group Limited (ASX:CGH) climbed more than 10 per cent on Friday after spruiking a solid financial performance.
While the mining service provider’s net profit fell 13 per cent to $16 million in the last six months of 2013, revenue rose almost 3 per cent to $378 million.
Calibre has described the financial performance as solid and sound amid challenging market conditions.
Looking ahead the company expects subdued conditions to continue but says it is well placed to benefit from any market upturn.
A fully franked interim dividend of 3.5 cents per share has been declared.
Shares in Calibre Group climbed 10.64 per cent on Friday to end the week at $0.52.
