ALS see underlying NPAT increase of 27% pcp

Company News

by Rachael Jones

Testing and inspection company ALS (ASX:ALQ) reported a good year today compared to 2018 with an underlying NPAT increase in excess of 25 per cent.

Revenue from continuing operations was $1.66 billion, up 15.1 per cent on the $1.44 billion recorded the previous year.

The Company achieved an underlying net profit after tax from continuing operations of $181.0 million, 27.3 per cent higher than the pcp.

The statutory result was a net profit after tax of $153.8 million.

A final dividend of 11.5 cents per share, franked to 35 percent, was paid earlier this month on the 1st of July.

This brought the total dividend paid for the year to 22.5 cents per share, representing a 32.4% increase in dividend to shareholders from the previous year.

Shares in ALS (ASX:ALQ) are trading 1.41 per cent lower at $7.33.