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Leighton Holdings Full Year Profit Rises - Quick Facts

(RTTNews) - Australia's construction company, Leighton Holdings Ltd. (LGTHF.PK, LEI.AX) reported full year profit attributable to members of the parent entity of A$611.96 million, up 39% from A$440.04 million last year. Profit after tax rose 40% to A$615.14 million from A$439.23 million a year ago.

Total revenue, including joint ventures and associates for the year rose 2% to A$18.64 billion from A$18.32 billion in the preceding year. Group revenue was A$14.56 billion, up 10% from A$13.28 billion in the previous year.

Looking ahead, the outlook for the Group in the 2011 financial year remains positive. The Group expects to deliver increased revenue and operating profit on the back of high levels of work in hand and gradually improving economic conditions in Australia and offshore.

The company also appointed David Savage as an additional chief operating officer, with responsibility for Leighton International, a wholly owned subsidiary of Leighton Holdings.