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When it released its half year results, the company announced it expected revenue of $A1.37 billion. It has upgraded that annual revenue figure to $1.5 billion. It expects to get earnings before interest and tax of $90 million on the back of that boosted revenue.
When it announced its half year results Clough said it had secured $1 billion of revenue for FY14. That has since increased to $1.35 billion.
The company said the upgrade “reflects strong performance through the last quarter and the benefit of a continued focus on cost efficiency”
Over the year, Clough has worked on more than 20 major energy and resources contracts, including Gorgon and Wheatstone, PNG LNG, Ichthys LNG, and early works for Newcrest Mining and Harmony Gold's Wafi Golpu project.
It also sold the last of its share in Forge Group to Macquarie Capital for about $187 million.
At the end of financial year 2012, Clough announced a statutory net profit after tax from continuing operations of $50.7 million for the year ended 30 June 2012.
Its share of Forge profit before tax was $24 million, up 27% on the previous year.
Clough shares were up 3.2% to $1.135.
