UGL increased full year profit by 9.7 per cent as the train manufacturer and engineering services provider said financial 2012 would be a positive growth year.
Net profit rose to $158.51 million for the 12 months to June 30 from $144.55 million a year earlier, Sydney-based UGL said in a statement.
UGL shares rose as much as 25 cents, or 2 per cent in early trading, to $12.75.
Revenue increased 2.4 per cent to $4.29 billion.
The company declared a final dividend of 38 cents per share fully franked.
UGL said it expected full year 2012 to be a "positive growth year," but declined to offer specific guidance.
"Given recent economic developments throughout the world, UGL believes at this stage it is prudent that we do not give specific guidance until such time that the company can assess the impact of these developments," UGL's chief executive Richard Leupen said in a statement.
He said the company would continue its growth strategy of securing projects on acceptable commercial terms and maintaining the quality of its order book while focusing on obtaining long-term services contracts and construction and rail manufacturing projects.
The company was always assessing potential acquisitions but it would only pursue opportunities that made a "positive contribution" to shareholders in the short to medium term and build on the revenue base.
"UGL is in good shape," Mr Leupen said.
"With an excellent talent pool, a solid balance sheet which sets us apart, a growing international footprint, and an enviable blue-chip customer base, we again expect to deliver positive returns for our shareholders."
Mr Leupen said the 2012 full year result was the 10th consecutive year of profit growth.
"Building our services profile and a very strong focus on risk management have been the hallmarks for UGL in full year 2011 and they will be important future growth drivers," he said.
The company's order book remains at $8.2 billion, with more than 73 per cent of the order book made up of long-term recurring maintenance style contracts.
It also has more than $1.0 billion of work in the preferred tenderer stage and $7.7 billion of weighted and qualified opportunities.
This gave the company a stable revenue base for "a number of years," Mr Leupen said.
UGL said it had a deliberate strategy of securing and executing projects on commercial and balanced trading terms and during the year it had secured more than $4.0 billion of new projects and contract extensions.
Gearing was sitting at "historically low levels".
"UGL has a robust balance sheet and continues to assess acquisition opportunities in all of its key sectors," Mr Leupen said.
AAP