UGL profits decline

Company News

UGL Limited (ASX:UGL) has generated an underlying net profit after tax of $92.1 million for fiscal 2013, in line with revised guidance but down from $168 million reported last year.
 
Net profit for the full year was $36.5 million, a substantial decline on the $134 million generated last year.
 
A final dividend of five cents per share will be paid on September 6.
 
CEO Richard Leupen says the results reflect a year of significant transition for UGL.
 
In a separate announcement, UGL says it plans to demerge its global property services and engineering and construction arms.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.