The company’s construction, civil and mining and specialty services divisions have been awarded contracts since June 30 2011 totalling nearly $400 million.

The company has held onto its work-in-hand figure by maintaining works in Queensland, New South Wales, Victoria, South Australia and Western Australia.

Watpac managing director Greg Kempton said the company’s strategy of product and geographical diversification had enabled it to secure a number of significant contracts in new markets during the first part of FY12.

“Our civil infrastructure and mining services portfolio – established four years ago – has achieved a total work in hand position of approximately $750 million, comprising more than 30% of group turnover and almost 50% of Watpac’s current workforce,” Kempton said.

“This expanding part of the business will continue to deliver long-term earnings diversification that will complement the group’s traditional construction and property profits.”

Kempton said the company would remain focused on the expansion of its national portfolio of civil and mining services and construction contracts in 2012.

“The market continue to offer a strong pipeline of tender opportunities and with Watpac’s national expertise and track record of success we are confident the group will secure further contract wins in the months to come,” he said.

This story first appeared on ILN's sister publication Miningnews.net.