Macmahon Holdings (ASX:MAH) is an engineering contracting company operating in the mining industry. The company operates in Australia, New Zealand and Malaysia. It was formed in 1963 and listed on the Australian Stock Exchange in December 1983. The business consists of four divisions: Civil, Open Cut, Underground and Services.
Macmahon Holdings announced today that it expects full year net profit for the FY12 to be more than $55 million.
Last month MAH had forecasted full year profit of around $45 million.
CEO Nick Bowen said that additional work and greater clarity on project commencement has combined for the improved outlook for the company.