The company reported an operating profit of $28.7 million for the year ended June, down 20% on the $29.1 million reported in the previous corresponding period.
The reported profit of $18.6 million was 40% down on the $19.3 million reported in the pcp. Revenue was up 10% to $545.8 million, lifted by a three-month contribution from Contract Resources. A final dividend of 8c per share was declared, taking the total dividend to 13cps.
Mr Maasland said Contract Resources, in which Hellaby had an 85% stake, had made a strong contribution to the group.
''We have long communicated our ambition to have a more balanced portfolio, spread across different geographies and sectors, providing greater earnings opportunities and currency diversification through economic cycles.
''The acquisition of Contract Resources signals the starting point for the new Hellaby.''
Contract Resources was a substantial business which was forecast to earn $20 million operating earnings in the 2014 financial year, compared with $5.4 million in the three months to June 30.
Of equal significance was the successful raising of $50 million of capital in the latter part of the year, he said.
''This has not only given us the flexibility to move quickly on our next acquisition, but also reflects the confidence of our new institutional investors in Hellaby's growth strategy.''
Managing director John Williamson said the next significant lift in profitability would come from further acquisitions.
''We will continue to play the long game as we reshape our portfolio and remain patiently determined to make the 'right' acquisitions for Hellaby.''
