(MENAFN - ProactiveInvestors - Australia) LogiCamms (ASX: LCM) has secured in excess of A10 million worth of contracts with Wiggins Island Coal Export Terminal (WICET) Pty Ltd and Australia Pacific LNG, an incorporated joint venture between gas industry heavyweights Origin, ConocoPhillips and Sinopec.
The WICET contract provides for the installation of the terminal-wide control system for the new coal export terminal in Gladstone. The WICET facility is one of the largest coal terminals in Australia.
The scope of works awarded to LogiCamms includes design, implementation and commissioning of the system which controls, tracks and schedules the delivery of coal through the terminal.
Under the Australia Pacific LNG contract, LogiCamms will deliver multidiscipline engineering services for the joint venture's capital projects at coal seam methane facilities located in Queensland.
These latest contract wins further cement LogiCamms' relationships with tier one operators in the resources and hydrocarbons industries.
During the 2012 financial year the company was awarded significant contracts with Rio Tinto, Chevron and Stanwell Corporation.
LogiCamms has posted a record 2012 financial year net profit after tax of 10.7 million, up 133% from the 2011 financial year's NPAT result of 4.6 million.
Revenue was up 26% to 123.1 million, while EBITDA was up 135% to 11.3 million.
These results were ahead of the earnings guidance provided in May 2012.
LogiCamms' attributed the high profit result to strong operational performance and strengthened risk management framework.
However, it also included a significant income tax credit in relation to the current financial year of 1.2 million and the previous financial year of 1.8 million.
The Board announced a final dividend of 0.05 per share bringing the full year dividend to a record 0.085, up from 0.045 in the 2011 financial year.