25/05/2012 09:06:00
Shares in LogiCamms Limited (ASX:LCM) jumped yesterday after the engineering company said it expects material earnings growth in the 2012 financial year.
Second half revenue is expected to grow 20 per cent from the first half and second half EBITDA is expected to surge 50 per cent from the first half.
Managing Director Steve Banning says the company’s pursuit of key customers, projects and longer term relationships in mining, hydrocarbons and infrastructure industries is on the right track.
Mr Banning believes LogiCamms is in a strong position to continue building on this growth.
Shares in LogiCamms jumped 6.12 per cent yesterday, closing at $1.04.
In the first half of the 2012 financial year LogiCamms recorded a net profit of $4.7 million.