The forecast profit, devised from preliminary management accounts, represents a 49-53% increase on profit achieved in the previous corresponding year.

Earnings before interest, tax, depreciation and amortisation for the year ended June 30 are expected to be about $53-54 million, up from $35.4 million reported in June 2011.

Decmil chief executive Scott Criddle said the full-year results were a reflection of continued strong cash generation driven by venturing into new territory and strengthening relationships with some of the major mining players.

“We continued to win major contracts as a result of our long-term relationships with the leading companies in the resources sector,” he said.

“We have also expanded into new markets including the development of the Calliope accommodation village in Gladstone, Queensland, which is delivering a recurring revenue stream.”

Earlier this month, the company was awarded a $30 million mine services infrastructure contract for Rio Tinto’s Marandoo mine phase 2 project, which came on top of a $94 million contract with BHP Billiton a month prior for the design of an accommodation village in Port Hedland.

Decmil said it was continuing to operate with a strong balance sheet which was enabling it to pursue growth opportunities as they arose.

Decmil will release its FY2012 results to the market on August 23.

Shares in Decmil were last trading 7.8% or 18c higher at $2.47.

This article first appeared in ILN's sister publication MiningNews.net.