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Transfield Services Limited (ASX:TSE) has confirmed that it expects to deliver a net profit after tax of between $130 million and $135 million in fiscal 2012.
The guidance has been given subject to no deterioration in economic conditions and the Australian dollar remaining at near parity with the US dollar.
Transfield says considering normal seasonality and the ramp up of recent contract wins it expects the result will be weighted to the second quarter.
Speaking at the company’s annual general meeting today, Tony Shepherd said the company secured more than $5 billion worth of new and renewed contracts during fiscal 2011.
In the 2011 financial year Transfield Services booked a net loss of $19.3 million.
