who are its competitors?, page-6

but there work at hand is $237 Million or around 50% more than this time last year and 17% more than in June. According to the annual report:

The post tensioning activities of the company achieved modest growth of 7% in the 2008 year. Total revenue grew by $4.9 million to $79.3 million. The second half
performance of the NSW and QLD businesses was affected by continued periods of inclement weather and this resulted in lower volumes in the second half
compared to the first six months of the financial year. Revenue from manufacturing of post tensioning products was approximately 10% lower in the 2008 year. This
decrease was a direct result of the lower levels of activities in NSW and QLD. Our Western Australian operation achieved solid revenue growth during the year on
the back of strong conditions in the Perth construction market. Revenue from operations in the Middle East grew by 16% to a record $9.028 million.
Mining
This business undertakes work in the resource, energy and infrastructure market sectors with its primary activities being engineering, drilling, blasting, geotechnical
and environment services. The 2008 year saw significant growth in revenue and profit. Profit before tax rose by 78% to $3.216 million for the year. Revenue
increased by 59% to $39.1 million. Demand for the business’s services is at record levels with opportunities being pursued throughout Australia. During the period
the business was able to increase the number of long term contracts in hand and work in hand at June was at record levels. During the year the drilling fleet was
expanded by a further seven surface drill rigs.
Construction
The Construction division includes structure packages, formwork, concrete supply and place and remedial activities. Revenue from this segment grew by 282% to
$171.528 million, an increase of $126.6 million on the $44.8 million in 2007. Approximately half of this growth in revenue was achieved organically with the balance
coming from Meridian. Primarily the Construction business derives its income from operations in the Victorian construction market. This market has been very strong
throughout the year. With the acquisition of Meridian the Company is now able to provide the full structure package service in house. The synergies between the
Construction operations pre-acquisition and Meridian start at the securing of new work and flow right through to the on-site delivery and completion of the works. The
company is confident that further cost savings and efficiency benefits will continue to flow as the integrated model develops.
Earnings from Construction activities increased by 193% to $7.251 million. Meridian accounted for 78% of the increase in earnings from this division.