Leighton FY14 profit aided by asset sales

Company News

Leighton Holdings Limited (ASX:LEI) has lifted its annual net profit by 33 per cent to $676.5 million over the 2014 calendar year. 
 
The construction and engineering company’s result was aided by the sale of assets such as its construction arm John Holland which was offloaded for $1.15 billion.
 
Excluding significant items the group’s underlying profit rose 6 per cent to $620 million, impacted by weakness from its mining operations on the back of falling commodity prices.
 
Looking ahead the company expects to generate a net profit of between $450 million and $520 million over the 2015 calendar year.
 
Total dividends over the 2014 financial year increased by 19 per cent to $1.25 per share, fully franked.

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