The company posted a profit of A$105.8 million (US$78.1 million) for the 12 months to 30 June, down from a profit of A$146.5 million over the previous financial year.
The fall in profits came as revenues slipped 19.9%, year-on-year, to A$1.86 billion, reflecting a reduced volume of activity in the resources and energy markets.
Looking ahead, Monadelphous expects Australian market conditions to remain soft amid low commodity prices, with customers expected to continue to focus on reducing operating costs, improving productivity and reducing capital expenditure.
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