Highlights
- Net profit after tax (NPAT) $7.4 million and earnings per share 5.1 cents - NPAT up 111.7% on previous corresponding period (pcp)
- Group revenue of $175.4 million - down 7.1% on pcp
- Energy Division recorded strong revenue and profit growth with revenue up 19.4% to $144.2 million and EBIT of $15.2 million (compared with $5.5 million in pcp)
- Mining Division awarded $142.8 million Eagle Downs drifts contract
- Balance sheet strengthened further with net cash of $49.8 million compared with gearing of 3.3% at June 30 2013
- Order book at near record levels with $376.0 million of work in hand
- Introduction of new dividend policy with increased payout ratio of at least 80% and a move to quarterly payments, commencing with payment of first quarter dividend of 1 cent per share in December 2013
- Second quarterly dividend for 2014 of 2.0 cents per share bringing the total dividends to date for FY14 to 3.0 cents per share to be paid on 27 March 2014
