NRW Holdings Limited advises that based on current management accounts, net profit after tax for the half year ending December 31st 2011 is anticipated to be in the range of AUD 41 million to AUD 43 million, representing an increase of approximately 100% (at the median), on the prior corresponding period.

Revenue for the period is anticipated to be in the range of AUD 580 to AUD 610 million (an increase of approximately 60% on the prior corresponding period)

The second half of FY2012 is expected, based on our secured order book to be similar subject to adverse weather or other unforeseen events.

Commenting on the company outlook Mr Jules Pemberton CEO said that “NRW has continued to grow its order book to a record AUD 2.19 billion and followed through with its diversification strategy by securing new revenue streams from the oil and gas sector and a new coal client for the civil division during the first half of FY12.

Our strong balance sheet and the funding facilities in place will underpin future growth into FY13 and beyond through a very significant pipeline of opportunities. However the current skilled labour market remains extremely tight and successful recruitment and retention efforts are paramount to our success.

We are also investigating opportunities in emerging markets through our existing fields of expertise as well as seeking to broaden our future service offering.”