Shares in Monadelphous Group Limited
(ASX:MND) fell yesterday despite the engineering company’s record first half result on the back of a major surge in construction work.
Monadelphous increased its first half net profit by 37.5 per cent to $79 million in the same period revenue jumped 46 per cent.
However, Monadelphous has warned the following financial year is expected to be a period of consolidation in which achieving any revenue growth will be challenging.
A fully franked interim dividend of 62 cents per share has been declared, up from 50 cents the year before.
Shares in Monadelphous Group slumped 6 per cent on Tuesday, ending the session at $26.17.
