The profit for the six months to the end of December represents a 60% increase from the $21.3 million profit recorded on the previous corresponding period.

Meanwhile, earnings before interest, tax, depreciation and amortisation increased by 84% to $61.8 million.

In a record half-year result, revenue increased to $503 million.

Forge recorded cash flow from operations of $79 million and ended the half year in a strong cash position with $187 million in cash and equivalents.

As a result, the company will issue an interim fully franked dividend of 10c per share, up 4c year on year.

Forge, which has a large exposure to Western Australia’s resources sector, secured about $462 million of new contracts during the six-month period.

As a result of its half-year result, Forge is confident it will meet its full-year profit guidance of $90-100 million, while revenue is slated to tip in at $950 million to $1 billion.

Forge managing director and chief executive David Simpson said the strong performance reflected the integrated contributions from all four divisions.

“During the half we took the decision to re-brand our four operating business units under one unified and distinct brand, Forge Group,” he said.

“Already we are witnessing the benefits of a unified brand.”

Of particular importance was the company’s ability to generate solid cash flow from operations which has bolstered the company’s financial platform.

“This gives us the flexibility to pursue organic growth opportunities and acquisitions,” he said.

Among its divisions, its power group, previously known as CTEC, was a standout, posting record revenue of $202.5 million.

“Forge Power Group performed exceptionally well during the half, with $380 million in new contracts secured, a 96% increase in employee numbers and a new office opened in Thailand,” the company said.

Meanwhile, its minerals and resources division managed a 5% increase in revenue to $55 million.

It was achieved in an environment which Forge describes as a “subdued market for resources sector spending, particularly in Western Australia”

“With a solid and diversified order book and a strong cash position, Forge Group is in good shape for the remainder of the year and into financial year 2014,” Simpson said.

The company’s order book stands at $1.04 billion, with the company recently securing contracts with BHP Billiton and Rio Tinto.

Shares in Forge firmed on the pleasing results, up 4.7% or 28c to $6.28.