Programmed Maintenance FY profit up 41%

Company News

Programmed Maintenance Services Limited (ASX:PRG) has reported a 41 per cent jump in its 2012 financial year net profit when compared to continuing operations the year before.

The staffing and maintenance services company generated a net profit of $31.2 million in the year to the end of March, underpinned by growth in its resources division. 

In the same period earnings before interest and tax grew 34 per cent and revenue rose 14 per cent from the year before.

Managing director Chris Sutherland says the company will continue to expand its operations and has forecast moderate earnings growth in the following financial year.

A fully-franked final dividend of 8 cents per share has been declared, taking the full year payout to 13 cents.


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