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Total revenue for the 2012 financial year was just over $1 billion, which was up 28% year on year.
Forge Group, which Clough moved to acquire back in 2010, contributed $24 million to Clough’s overall profit.
But it’s the record order book of $2.3 billion which has Clough feeling particularly confident about the future, with the figure a whopping 87% gain year on year.
Roughly $1.5 billion of that figure was driven by contract wins at Wheatstone and the Ichthys LNG projects.
As a result of the increased activity expected in 2013, Clough said an underlying earnings before interest and tax margin of roughly 5% would not be out of the question.
This article first appeared in ILN's sister publication ConstructionIndustryNews.net.
