Opus beats forecast as sales rise

Net income rose to $17.5 million, while sales grew 25% to $371.5 million, the company said in a statement. while net profit after tax was $17.5 million, up 23.4 per cent.

"We have experienced significant growth in this sector and have won a number of large projects in both New Zealand and Canada," chairman Kerry McDonald said. "In Australia business expanded in a number of sectors, including roads and water infrastructure."

The company held its final dividend unchanged at 3.1 cents per share, bringing full-year payments to 5.7 cents.

The shares were unchanged at $1.36 and has climbed 23% in the past month.

By Jonathan Underhill

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