Cardno forecasts record FY11 profit of $57M - $59M up over 51%

6/1/2011

Cardno Limited expects to report a Net Profit After Tax for the year ending June 2011 of
between $57 million and $59 million, an increase of 51% to 57% on the previous corresponding period of $37.6m. The current profit estimate is based on unaudited management results and current forecasts.
 
Mr Buckley said that the FY11 performance results from generally improving conditions and
confirms the success of Cardno’s growth strategy which has positioned the company to take
advantage of strategic growth markets such as environmental consulting services.
 
He noted that the strong performance was delivered in a climate which included the significant
appreciation of the Australian dollar. Cardno’s strategy of aligning the currencies in which it
earns its revenue with the costs has diminished the impact of this foreign exchange movement.
 
Mr Buckley also noted that Cardno’s low gearing and strong balance sheet provide the company
with a solid base for launching future acquisitions.
 
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For further information please contact:

Mr Andrew Buckley
Managing Director
Ph: +61 (0)7 3369 9822
Mobile: +61 (0)412 059 526
 
Mr Jeff Forbes
Chief Financial Officer
Ph: +61 (0)7 3369 9822
Mobile: +61 (0)408 756 790
 
About Cardno: Cardno is an integrated professional services provider, delivering the specialist expertise necessary to create and improve the physical and social infrastructure that underpins communities around the world. Cardno’s team includes leading professionals who plan, design, manage and deliver sustainable projects or community programs. Cardno is an international company, listed on the Australian Securities Exchange [ASX: CDD].
www.cardno.com