Leighton Holdings (LEI), one of Australia's largest construction companies, announced a 122% rise in 1H13 underlying profit to $255m

CommSec

Online Stockbroker

Leighton Holdings (LEI), one of Australia's largest construction companies, announced a 122% rise in 1H13 underlying profit to $255m. Revenue was driven by its Leighton Contractors & Thiess businesses (its two biggest units). Despite its presence in a number of countries across Asia & the Middle East, around 80% of revenue still is generated locally. Its NPAT result was boosted by the $115m (after tax) proceeds from telecom asset sales (also pushing gearing levels lower). LEI delivered a 50% franked $0.45/share dividend to be paid to eligible shareholders on 3 Oct. Looking ahead, LEI reiterated its FY NPAT earnings guidance of $520-$600m. For more information visit investing.commsec.com.au/reportingseason


CommSec
CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

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