Engineering contractor Macmahon Holdings has posted a 52 per cent rise in fiscal first-half profit and raised its full-year guidance, as the pipeline of tenders in both mining and construction bounces back from the global downturn.
"Macmahon has seen a significant rebound in the tender pipeline over the last six months with more work currently being tendered by clients than before the onset of the global financial crisis," Chief executive Nick Bowen said in a statement.
"Government stimulus packages are providing ongoing support to the construction industry, and the resource infrastructure sector is being buoyed by growth in iron ore, coal and new liquefied natural gas developments."
