Cardno Limited
(ASX:CDD) has forecast a flat financial result for the 2014 financial year but plans to maintain its full year dividend of 36 cents per share.
The infrastructure and environmental services consultancy expects to book a net profit between $77.5 million and $78 million, compared to a net profit of $77.6 million reported in the 2013 financial year.
CEO Michael Renshaw says the anticipated result reflects difficult trading conditions across the company’s markets in the Americas, Australia and New Zealand.
Mr Renshaw has advised the company is focused on organic growth and achieving improved operational efficiency with expectations performance will improve in the 2015 financial year.
Audited full year financial results will be released to the market on August 19.
Cardno reported a net profit of $43.1 million in the first half of the 2014 financial year.
