Monadelphous Group Limited’s
(ASX:MND) net profit has fallen amid softening activity in the mining and minerals sector.
The engineering group’s annual net profit fell 6.3 per cent to $146.5 million in the 2014 financial year.
Managing Director Rob Velletri says the company continues to focus on improving productivity to remain competitive, efficient and responsive to customers.
Looking ahead the company says its strong financial position and healthy balance sheet will enable the pursuit of acquisition opportunities.
A final fully franked dividend of 63 cents per share has been declared, taking the full year payout to $1.23.
