LogiCamms has delivered a net profit of $4.6 million for 2010-11, compared with the company’s guidance of $4.2 million. The mining services company exceeded the expectations of Hartleys, achieving earnings per share of 7.6¢ as opposed to the broker’s forecast of 6.6¢.

The company declared a final dividend of 1.25¢ per share, bringing the full-year payout to 4.5¢. While profit was down 17 per cent, it was a transitional year for LogiCamms, with significant investment being madeto expand the company’s capabilities and position it to take on larger contracts with better margins.