CTI Logistics has posted a full-year profit of $9.8 million, up 34 per cent on the previous year.
The result was achieved on revenue of $126.7 million, up 30.9 per cent.
CTI lifted its final dividend to four cents a share fully franked, up from 3.5 cents the previous year, bringing its full year dividend to 7.5 cents, up from seven cents last year.
The transport and logistics company attributed the strong result to growth in oil and gas related logistics work, the recent acquisition of Bunbury Freight Services and the purchase of additional fleet.
However the company said its courier businesses had been affected by the general economic slowdown.
CTI said it would look to further expand its business through both organic growth and possible acquisitions.CTI shares last changed hands for $1.98.