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| Leighton achieved profit of $276 million in 2005/06 Leighton Group reported that the company had achieved a record profit of $276 million in 2005/06. As of 30 September 2006, work in hand had strengthened to $18 billion. This has been another very successful year for the Leighton with profit after tax up 28% and a 32% increase in dividends to 66 cents per share. The major contributors to the 2005/06 result have been construction activity for a number of large Australian infrastructure projects, contract mining in Australia and Asia, and another strong property development performance. Total revenue, including joint ventures, was up by 32% to $10 billion. The group reported an average return on shareholders funds of 27.7%, placing us 26th of the 100 largest listed Australian companies by market capitalisation. The new financial year has also started well for the Group with total revenue for the first quarter to 30 September 2006 up 22% to $2.9 billion. This generated a profit after tax (unaudited) of $67.7 million, an increase of 34% on the prior first quarter. Work in hand has increased by 13% in the first quarter of 2006/07, from $16 billion at 30 June 2006 to $18 billion as at 30 September 2006. write your comments about the article :: © 2006 Construction News :: home page |