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Revenue rose 18.4% to $131.3 million.
The strong result reflected strong contributions from the consulting and international development divisions, said managing director Roger Olds. Along with organic growth, the company had expanded through acquisitions, including those of Soil & Rock Engineering, IT Environmental (Australia) and Enesar Consulting.
"This time last year we were forecasting 5-10% growth this financial year, he said. "A few months ago we upgraded the forecast to 15-20%, but the operating improvement of 28% is a tremendous result."
Olds said the company had over the past 12 months built a solid platform for future growth.
"We are well ahead of profit forecasts and now expect profit growth of 15-20% for 2004-05 without consideration of further acquisitions," he said.
"We're forecasting organic growth in all of our businesses, with good activity levels in the physical infrastructure market for some time yet and a strong inventory of projects in the international development business. This growth will likely be supplemented with further acquisitions that meet our financial hurdles and fit within our market positioning as multi-specialists."
The company announced a fully franked dividend of 30c a share.
