McConnell Dowell Constructors is posting a 36% increase in full-year revenue on the back of winning two major infrastructure contracts in New Zealand.
BusinessDesk is reporting that financial statements it received reveal McConnell Dowell’s revenue rose to $278.7 million in the 12 months ended June 30 from about $205 million a year earlier.
Operating expenses increased 35% to $273 million, and net profit climbed to $6.1 million from $2.5 million.
“We are as well positioned in New Zealand for the coming financial year and have some excellent prospects in our forward pipeline,” says the company report.
“The infrastructure market is very strong at present, and we expect this to continue. We see enormous opportunity in all areas, including water, wastewater, energy and transport (ports, rail, and roads).”
McConnell Dowell recently partnered with HEB winning the contract for Watercare’s $136 million Mangere bio-nutrient removal (BNR) wastewater treatment plant expansion reports BusinessDesk.
It also is reporting that a joint venture between McConnell Dowell and Downer Construction is the winner of the NZTA’s Russley Road project in Christchurch.
