Cimic Group (ASX:CIM) has announced a 7 per cent rise in net profit to $172 million for the first quarter of the 2018 financial year.
The company’s revenue was also up 7 per cent to $3.2 billion compared to the same time last year.
Meantime, the company announced work in hand of $34.6 billion, the equivalent of more than 2 years revenue growth.
Cimic has confirmed its net profit guidance for 2018 in the range of $720 to $780 million.
Shares in Cimic Group (ASX:CIM) are trading 0.25 per cent higher to $43.87