NRW Holdings expects to earn as much as $155 million from operations in the current financial year, while announcing a fully franked final dividend of 5 cents per share.
Shares in NRW Holdings closed up 12 per cent today after one of its clients exercised an option to buy back $81 million of equipment at a NSW coal mine.
The owner of a major magnetite operation in the Mid West has dropped MACA as its mining contractor, with NRW Holdings set to take over the work next year.
NRW Holdings has been tasked with building plant infrastructure at Fortescue's Queens Valley project in the Pilbara, subcontracting takeover target Primero Group to complete the works.
A consortium including Spanish-owned ACCIONA has been named the preferred proponent to complete major works on Western Australia's largest transport infrastructure project.
Shares in NRW Holdings rose by more than 30 per cent today after the Perth-based contractor foreshadowed strong full-year earnings and brought forward its $10.7 million interim payout to next month
NRW Holdings managing director Jules Pemberton has sold 3.65 million shares to fund personal tax liabilities, at a price that was less than half the January peak in the company's share price.
Civil and mining contractor NRW Holdings has reported strong profit and revenue gains in its interim results, with the company saying its completed acquisitions and plans for alliance-style contracts would support strong future growth.
NRW Holdings has been awarded works at Fortescue Metals Group's Eliwana iron ore mine and rail project in the Pilbara under an infrastructure contract valued around $138 million, announced last month.
NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.
NRW Holdings today confirmed it expected 35 per cent growth in revenue this year, helped by the recently acquired RCR Mining Technologies, but was coy on its plans to purchase BGC Contracting.
NRW Holdings subsidiary, RCR Mining Technologies, has secured a contract to design and construct a fifth relocatable crushing plant for Fortescue Metals Group's Cloudbreak iron ore mine in the Pilbara.
South32's Graham Kerr, NRW Holdings' Jules Pemberton and Saracen Mineral Holdings' Raleigh Finlayson have received one-off benefits totalling $10.4 million, following the vesting of performance shares.
Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.
NRW Holdings' subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto's Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.
Shares in NRW Holdings have closed trade up 10.65 per cent, after it secured an earthworks contract at Rio Tinto's $3.5 billion Koodaideri iron ore project in the Pilbara.
Shares in NRW Holdings and Seven Group Holdings were stronger today after reporting improved earnings on the back of strong resources and infrastructure markets, with NRW adding its first interim dividend in five years.
Shares in NRW Holdings have jumped 7.14 per cent today, after the mining contractor said it expected a 45 per cent uptick in revenue for the six months to December compared with last year.
NRW Holdings has joined the likes of Clough, Decmil and CPB in securing work at BHP Billiton's $4.6 billion South Flank iron ore project in the Pilbara, after announcing a $176 million contract to complete earthworks at the site.
Shares in local contractor NRW Holdings were up 9.2 per cent today after the company said its order book had increased to near record levels of $2.05 billion, while also saying the business was well placed to be involved in Western Australia's major upcoming iron ore projects.
WorleyParsons has been awarded a contract extension for engineering services at Chevron's Gorgon and Wheatsone LNG projects, while NRW Holdings has received a $93 million extension to its Stanmore Coal contract.
A subsidiary of Belmont-based NRW Holdings has secured a $210 million extension of its mining services contract at the Curragh coal mine in Queensland.
Mining contractor NRW Holdings has recorded strong growth in underlying earnings for the half year, but has decided against paying a dividend to ensure debt is fully serviced.
