Sydney, 27 August 2014: WDS Limited (“WDS”) is pleased to announce its financial results for the year-ended 30 June 2014.
Highlights
- Net profit after tax (NPAT) $13.3 million and earnings per share 9.2 cents - both up 61.2% on previous year;
- Group revenue of $369.5 million - up 5.0% on previous year;
- Energy Division delivered a 55.9% increase in EBITDA to $34.8 million on a 20.8% increase in revenue to $282.6 million;
- Mining Division awarded $142.8 million Eagle Downs drifts contract;
- Balance sheet strengthened further with a net cash position of $17.9 million compared with net debt of $6.0 million at 30 June 2013;
- Order book remains strong at $258.9 million with work balanced across both Divisions;
- Introduction of quarterly dividends with three payments totaling 5.0 cents per share, fully franked, delivered to shareholders compared with one interim dividend in FY13 of 1.5 cents per share;
- Fully franked final dividend for 2014 of 3.25 cents per share and a fully franked special dividend of 1.25 cents per share declared, bringing total dividends for FY14 to 9.5 cents per share, compared with 7.5 cents per share for FY13.
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