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Additional work has seen Macmahon Holdings Limited (ASX:MAH) upgrade its full year profit forecast.
The mining focused engineer’s expecting net profit for the year to June 30, 2012, to be more than $55 million, an improvement of its November forecast of more than $45 million.
Chief executive Nick Bowen says the company expects further success on the work winning front, driving higher profits.
Net profit for the six months to December 31 is forecast to be about $20 million.
Macmahon posted a loss of $2.7 million in the six months to June.
News: Macmahon upgrades profit forecasts
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