Duet Group (DUE) inked a net profit after tax of $51.8 million, up 91% on the previous years results. The company said the growth was underpinned by the continued expansion of the Dampier Bunbury natural gas pipeline.
Duet said that group EBITDA was $587 million, up 7.7% on the prior year.
Chairman Philip Garling said the company had outperformed its benchmark index by over 18% in the last 12 months.
The group said that revenue for the year was up 7.6% to $971.8 million.
CEO Peter Barry said the group was evaluating further expansion projects which would add value.
"We will continue to manage our portfolio of businesses to generate stable, predictable cashflows to underpin our distribution to our security holders," Mr Barry added.
The directors declared a final dividend distribution of 13cps, bringing the total dividend to 27cps, up 9% on last years dividends.
At 1041 AEST shares in Duet are up 17c or 5.9% to $3.05.