Programmed releases half year results

Company News

Programmed Maintenance Services Limited (ASX:PRG) announced an after-tax profit of $12.8 million for the six months to September 30.
 
Group revenue was $710 million, which was slightly shy of the previous period’s $717 million result.
 
Interest was paid down 37 per cent to $1.9 million and net debt was $18 million at 30 September. 
 
The acquisition of Skilled Group was completed on the 16th of October and was not reflected in the results. 
 
The board will pay an interim dividend of 6.5 cents fully franked, payable on 21 January 2016. 

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