Transfield Services Limited (TSE) said that it expected to achieve flat or modest NPAT growth, with continuing strong cash generation over the remainder of the current financial year. At the company’s AGM today chairman Tony Shepherd said that the future expansion of the business would be underpinned by focusing on sectors with good growth potential.

“We are seeing opportunities for future growth in liquefied natural gas and coal seam methane developments in Australia; in oil and gas and infrastructure in North America and the Middle East; in economic and social infrastructure in Australia and New Zealand; and in renewable energy in Australia,” Mr Shepherd said.

However, managing director and CEO Peter Goode also reiterated the commitment to the company’s founding sectors such as oil and gas and infrastructure.

“Our core business of delivering essential maintenance and upgrading services across a broad range of industries globally has served us well in challenging economic times.” Dr Goode said.

At 1044 AEDT, Transfield shares were up 18c to $4.27.