Macdow publishes annual review

With its 2010/11 annual review published today McConnell Dowell announced AUD 2.85bn in secured new works. Despite what it referred to as a challenging trading environment, the company also revealed work in hand valued at AUD 3bn.

Revenue declined by 4 per cent to AUD 1.94bn despite the record level of work in hand. Profit after tax decreased by 57 per cent to AUD 35.3M. The balance sheet showed AUD 326M cash in hand.

The report focused first on the firm’s safety record. It featured even above the financial review in the CEO’s report. Recordable injury frequency rate dropped 25 per cent from 8.33 to 6.14 with lost time injury frequency rate at a 15 per cent reduction from 0.8 to 0.68 out of a total 38.1 million man hours.

To view the McConnell Dowell annual review e-book, visit: http://www.macdow.com.au/download/publications/annual-review-2011/index.html