UGL FY profit falls

Company News

UGL Limited (ASX:UGL) says its net profit fell 15 per cent to $134.3 million in the year to June but saw a two per cent rise in its underlying net profit.

The infrastructure group acquired UK real-estate broker DTZ Holdings Plc (LON:DTZ) in December last year for $119 million.

UGL expects global economic uncertainty to remain challenging into the 2013 financial year but says stronger growth will return when conditions stabilise.

UGL declared a fully franked final dividend of 70 cents per share. 

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