|
contents | business | |||||||||
| Leighton reports $38.2bn of work in hand Leighton Holdings earned a healthy profit after tax of $440m after impairments. Total revenue, including joint ventures and associates, was up by 26% to $18.3bn while work in hand at 30 June 2009 was up by 22% to $37bn. The Group also paid a dividend of 115 cents per share and earned an average return on equity of 23% placing the Group 28th on the list of top 100 listed Australian companies by market capitalisation. The 2010 financial year has started well for the Company with total revenue for the first quarter to 30 September 2009 up 10% to $4.5bn. Work in hand at 30 September stood at $38.2bn, up by $1.2bn since 30 June 2009. In addition, the Group is preferred on another $4bn worth of work which should be awarded in the near future. The core operating businesses remain strong and the Group has generated a profit after tax (unaudited) of $131m, an increase of 25% on the prior first quarter. The Group's outlook for the 2010 financial year remains solid despite the impacts of the global financial crisis. write your comments about the article :: © 2009 Construction News :: home page |