The company today announced earnings before interest, tax and amortisation of $22.3 million for the year ended June 30, 2006, up 49% on the previous year.

“The buoyant infrastructure and resources markets have contributed to this excellent performance and are predicted to continue in the coming years. The company’s multi-specialist business model will prevent it from becoming overly reliant on a single sector,” Olds said.

“There are indications of continued growth in opportunities in Australia and overseas and the specialist expertise of the Coffey businesses is widely sought to support the delivery of such projects”, he said.

Coffey also has several acquisition opportunities at either the advanced negotiation or due diligence stage – a positive indication of a strong year of growth ahead.

The post-tax result after amortisation was $11.6 million, representing earnings per share of 16.5c.

“The result reflects a combination of strong organic growth and the first-time inclusion of several acquisitions, including Farsands Solutions in September 2005, BFP in July 2005 and Enterplan in March 2006,” Olds said.

Olds said the outlook for continuing growth in the Consulting and Project Management divisions remained strong, with investment in the physical infrastructure, resources and development markets expected to be significant for the foreseeable future.

He said the acquisition of Enterplan in March 2006 provided excellent exposure to new global markets in the development assistance sector.