Sydney, 28 August 2013: WDS Limited (“WDS”) is pleased to announce its results for the year-ended 30 June 2013.
Highlights
- Group revenue of $351.95 million (unchanged on FY12)
- Net Profit after Tax $8.25 million (FY12 $8.56 million)
- Total fully franked dividends for FY13 increased by 173% from 2.75 cents per share for FY12 to 7.5 cents per share
- Energy division recorded 40.2% growth in revenue to $233.87 million, delivering a 167.6% uplift in profit before tax to $15.68 million
- Mining division remained profitable despite the slowdown in the coal sector
- Balance sheet continued to strengthen with gearing (net debt to net debt plus equity) at year end sitting at 3.3%
- Significant cash receipts post balance date resulted in a net cash position of $24.6 million at 31 July 2013
- Increased order book of $281.4 million compared with $183.9 million at the same time last year and circa $300 million submitted in tenders currently under evaluation.
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