Investor Snapshot 18 Jul 17: CIMIC lifts interim dividend by 25%

CommSec

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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