CIMIC shares are rallying today after the construction giant reported a 22% rise in half year net profit to $322.9 million and a 25% jump in its interim dividend to 60 cents a share.
- 1H net profit +22% to $322.9m
- Interim dividend +25% or 12c to 60c/share (payable Oct 4)
- Cash flows improved to $620m
- Cash rose to $608m. Sets up well for future acquisitions &/or capital returns
- Reaffirmed FY profit guidance of $640 - $700m
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