Leighton Holdings Ltd (ASX:LEI) has reported 39% growth in net profit to a record $612 million for the year ended 30 June 2010.
A fully franked final dividend of 85 cents has been declared, an increase of 55 cents from the year before.
The construction company says total revenue increased to $18.6 billion, from its infrastructure, resources and property divisions.
Record work in hand of $41.5 billion has been reported, with new work and variations to existing contracts totalling $23.5 billion.
The company says it continues to maintain a strong balance sheet enabling it to tender for large projects, provide working capital, invest in equipment and pursue new opportunities.
Leighton has also today announced its wholly owned subsidiary Thiess Pty Ltd, has finalised an $825 million contract for construction at the Hunter Expressway.
Leighton Holdings posted a profit of over $440 million for the year to June 30 2009.
LEI Price at posting:
$29.63 Sentiment: None Disclosure: Held
