The Singapore-listed company reported net profit attributable to equity holders of A$23.3 million ($24.08 million), up from A$12.4 million in the 2011 financial year.

It said this increased profit was mainly due to higher margins, which were partially offset by lower operating income.

Operating income for the financial year fell by 42.1% to A$1.2 million, primarily as a result of the completion of a significant scaffolding contract in Singapore, as well as the sharing of profit between a current joint venture.

Revenue