ASX Industrials News: NRW Holdings (NWH)

ASX Industrials News: NRW Holdings (NWH)|ASX:NWH SharesNRW Holdings (ASX:NWH) is a provider of civil contracting, mining services and equipment to the resources industry.

A leader in the Western Australia resources sector, NWH provides a number of services, most notably civil contracting services including rail formation, bulk earthworks, road and tunnel construction, and mining services, including earth moving, waste stripping, ore haulage and related ancillary services.

NRW Holdings advised the market that based on current management accounts, net profit for half year ending 31 December 2011 is anticipated to be in the range of $41-$43 million.

This profit forecast would represent a big increase of approximately 100% on the prior corresponding period.

NRW said that the second period of FY12 will be similar to the first period of FY12, subject to any unforeseen events.

Click to Receive FREE Daily Trading Recommendations!