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| Leighton reports profit of $450 mln Leighton Holdings Ltd, Australia's largest construction company, announced net profit after Tax (NPAT) of $450 million for the year ended 31 December 2012. Underlying net profit after tax (UNPAT) was $448 million. Commenting on the result, the Chairman of Leighton Holdings, Mr Stephen Johns, said, "2012 has been an important year for the Company, as the Board and management have worked together to restore shareholder value. The result was at the top end of our market guidance and the balance sheet was substantially deleveraged in the second half of the year. The Board has also approved a lower target gearing range of 25 to 35 per cent." In the financial year ended 31 December 2012, the Group achieved total revenue of $23 billion from over 400 active projects. UNPAT of $448 million was underpinned by strong performances across the Group's diversified portfolio. The Board declared a final dividend of 60 cents per share, 50 per cent franked, payable on 28 March, 2013. Together with the unfranked interim dividend of 20 cents per share, this total dividend of 80 cents per share represents a payout ratio of 60 per cent of UNPAT. write your comments about the article :: © 2013 Construction News :: home page |