CIMIC Group Ltd
(ASX:CIM) has announced its financial results for the full year ending 31 December 2016.
The company says its NPAT rose 11.5% to $580.3 million (compared to the 2015 financial year), and this was at the top end of guidance.
CIMIC’s board declared fully franked final dividend of 62 cents per share, which will be paid on 4 July 2017. Its full-year dividend in 2016 rose 14.6%, compared to 2015.
CIMIC says one of its highlights during this period was its strategic acquisition of diversified services company, UGL, which expands its own capabilities and provides an additional platform for growth.
The company’s outlook is positive and, in regards to its NPAT guidance this year, the company is expecting between $640 and $700 million (which is an upgrade of up to 21% compared to 2016).
