Courier Mail
Wednesday 29/4/2009 Page: 30
ENGINEERING services group Ausenco is looking to grow this year by taking advantage of green energy and building investments. Ausenco chief executive Zimi Meka said while shareholder return last year was affected by the market downturn, this year should see the company grow despite challenging conditions.
"We are increasing our footprint in the key growth sectors of infrastructure, energy and oil and gas," Mr Meka told the company's annual general meeting yesterday. "Specifically, we are looking to capture infrastructure investment sparked by stimulus spending and more of the green energy market based on our solar, wind and biomass energy experience. We are continually seeking to identify and act on viable opportunities for growth," Mr Meka said.
The company recorded a net profit of $56.3 million in the 2008 calendar year, up 35.6% from $41.5 million in 2007. Its scrip rose 15￠ to $3.12.
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