Net profit for the 12 months to June 30 rose 63.4 per cent to $165.8 million compared with the previous corresponding period, amid strong demand for infrastructure and mining-based services.
"The company is on track to deliver double-digit growth in NPAT (net profit after tax) looking forward, creating improved shareholder value and delivering world-class services and assets to our clients," chief executive Geoff Knox said in a statement.
Shares in the company were up 38 cents, or 5.67 per cent higher to $7.08 by 1455 AEST.
Downer EDI services the transport, energy, communications and resources sectors across Australia, New Zealand, Asia Pacific and United Kingdom.
Revenue climbed 2.5 per cent to $5.46 billion, with the group's order book increased by 23.7 per cent to $11.5 billion .
Earnings before interest and tax (EBIT) rose 118.5 per cent to $281.1 million from $128.7 million in 2006/07.
The company's engineering and consulting services division experienced a 16.1 per cent increase in revenue for the financial year; rail business revenue climbed 14.2 per cent, and the work's division had 9.9 per cent growth in revenue.
Downer EDI's mining division was the company's only business unit to post a fall in revenue for the year, dropping 15.5 per cent to $1.31 billion.
"Secured orders of $2.6 billion under the new management team is
testament to its competence and ability to effectively deliver solid outcomes that will see the division significantly improve its market position over the next few years," Knox said.
Downer EDI declared a final dividend of 12.5 cents cents per share, up on the eight cents per share dividend in the corresponding period in 2006/07.
