Qube’s revenue falls 8% to $1.3B

Company News

by David Chau

Qube Holdings Ltd (ASX:QUB) reported that its full-year revenue fell by around 8% to $1.3 billion last financial year.

The logistics and infrastructure company’s statutory net profit also dropped 18% to $86.5 million.

Qube says its profit was impaired by $22.8 million due to its investment in Northern Stevedoring Services, as well as its $494 million equity raising for funds to acquire 50% of the Patrick container terminals from Asciano.

The company will pay a fully-franked final dividend of 2.8 cents per share. Last year, it was slightly higher at 2.7 cents per share.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.