Programmed Maintenance Services has reaped a $32.1 million profit as its competitors struggle.

Mining services companies such as UGL, WorleyParsons and Transfield have all downgraded their earnings recently.

Programmed managing director Chris Sutherland says despite suggestions the commodities boom has peaked, demand is strong for onshore and offshore mining maintenance and construction work by the company.

“From an operations and maintenance vantage point, there never was a boom and we don’t see a bust,” Mr Sutherland told reporters on Wednesday.

Net profit rose three per cent for the year to March 31, from $31.2 million during the previous corresponding period.

Revenue rose by nine per cent to $1.52 billion .

While revenue in the resources division was flat, earnings rose by 10 per cent as margins increased for onshore work.

Resources sector work comprises more than half of Programmed’s earnings but only a quarter of its revenue.

Offshore oil and gas projects on the North West Shelf in Western Australia contributed to 85 per cent of the resource division’s revenue as Programmed undertook work on Chevron’s Gorgon liquefied natural gas project.

Progammed expects to carry out work on the Wheatstone project, also in Western Australia, in the next financial year and is hoping to get work with Japanese energy firm Inpex in 2014/15.

Programmed’s integrated workforce division suffered a five per cent earnings decline as the high Australian dollar deterred small and medium-sized businesses from hiring.

“The high Australian dollar has made them less competitive,” Mr Sutherland said, adding that the division’s prospects would improve as confidence returned.

Property and infrastructure maintenance division earnings fell by 14 per cent amid weakness in commercial construction.

“Contractors, often employed in that market, when it’s weak come across and compete against us,” Mr Sutherland said.

Shares in Programmed were up 11 cents, or 5.12 per cent, at $2.26 at 1435 AEST.