Runge listed on the Australian Securities Exchange in May this year, raising $50.2 million in its initial public offering despite the market’s recent lacklustre response to offerings.

Runge’s 45% year-on-year growth in revenue to $65.4 million was bolstered by some significant contract wins, including a software contract from Barrick Gold last month for $C2.2 million.

During the year the company strengthened its acquisitive growth, completing the purchase of GeoGAS and ResEval. It also received full-year earnings from Minarco-MineConsult which it acquired in March last year.

“Organic growth has continued strongly, and integration of further accretive acquisitions has advanced ahead of expectations,” Runge chairman Vince Gauci said.

Runge was upbeat in its outlook, stating demand would remain high for its products and services on the back of servicing multinational customers through its expanding global footprint, the need for mining companies to increase efficiency to offset potential margin shrinkage, and increasing awareness of its Mining Dynamics platform.

The group reaffirmed its 2009 financial year profit forecast of $10.3 million.

Runge was trading up 2% mid-morning today at $1.