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Clough said it had secured $605 million worth of work for the first half of next year, pushing its full-year revenue forecast to about $1.2 billion.
The outlook followed a review of its first-quarter trading, its view for the balance of FY13 and a number of new contracts being awarded.
Just this month alone, Clough was awarded a $10 million contract at Newcrest Mining’s Wafi-Golpu project in Papua New Guinea and $80 million worth of upstream work for BG Group’s Queensland Curtis LNG project.
In August, Clough was awarded an early contractor involvement deal, through its 50:50 joint venture with Forge Group, for Hancock Prospecting’s $10 billion Roy Hill iron ore project in Port Hedland.
Clough said it expected to achieve minimum earnings before interest and tax of 5%, excluding contributions from JV partner Forge Group.
Clough’s total revenue for the 2012 financial year tipped in just over $1 billion, a 28% year-on-year increase.
During FY12, Clough made a statutory net profit gain of 2% to $50.7 million.
Clough shares closed 2% higher at 77.5c.
This article first appeared in ILN's sister publication MiningNews.net.
