expects 40pc sales increase in fy07

Sydney - Tuesday - November 21: (RWE Aust Business News) -
Monadelphous (ASX:MND) has entered the 2007 financial year with
confidence, its managing director said today.
Rob Velletri told shareholders at the annual general meeting that
the 2006/07 year signals a strong and high quality workload following the
award of a number of very significant contracts.
"Sales revenue is therefore forecast to spike significantly in
the first half to around $450 million," he said.
"With a number of projects ramping down, second half sales
revenue is expected to return to a more normalised level with full year
sales revenue estimated to reach around $750 million, which represents a
40pc increase on the previous year."
Mr Velletri said the core business was highly dependent on
mineral resource developments and in particular the massive
iron ore expansions which are currently fuelling enormous growth in
Western Australia.
"Sustaining this level of revenue will obviously be challenging
though market conditions are forecast to continue to be
buoyant with the visibility of a strong project pipeline remaining at two
to three years," he said.
"Skills shortages will remain a major challenge and revenues will
continue to be dependent on project timing and capacity constraints.