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Brierty managing director Peter McBain at the Karara Iron Ore Project. Picture: Peter Williams/The West Australian.
The West Australian Brierty managing director Peter McBain at the Karara Iron Ore Project. Picture: Peter Williams/The West Australian.

Civil and mining contractor Brierty has lifted its first-half profit by 29 per cent to a record $5.4 million and will lift its interim dividend by 25 per cent to 1.25 cents a share fully franked.

The result was achieved on revenue of $148.9 million, up 41 per cent on the previous corresponding period.

The company noted tendering activity had slowed in the second quarter, which had flowed through to the third quarter.

Brierty also noted in a presentation to shareholders that increased competition was pressuring its margins.

However managing director Peter McBain said tender and enquiry levels had rebounded since then and the company was optimistic of a better fourth quarter.

Brierty shares were up half a cent, or 1.21 per cent, to 42 cents at 10.15am.