SYDNEY, Feb 7 (Reuters) - Australian engineering contractor CIMIC Group Ltd CIM.AX said full year net profit rose 21 percent as it benefitted from government spending on infrastructure during the period.
Net profit was A$702.1 million ($554.80 million) for the year ended Dec. 31, 2017, from A$580.3 million a year ago, the company said on Wednesday. This was slightly above the company's guidance range of a net profit between A$640 million and A$700 million.
CIMIC declared a final dividend of 75 Australian cents per share. ($1 = 1.2655 Australian dollars)