Posts Tagged ‘Record Profit’

ASX Company News: Rio Tinto Reports Record First Half Profit

Friday, August 5th, 2011

Rio Tinto (RIO) reported a record half year profit and an increase in its share buy back program.   Highlights of the announcement include:

Record first half underlying earnings of $7.8 billion, 35 per cent above 2010 first half
Record first half net earnings of $7.6 billion, 30 per cent above 2010 first half
Record first half underlying EBITDA of $14.3 billion, 27 per cent above 2010 first half
Record first half cash flow from operations up 31 per cent to $12.9 billion
Capital expenditure of $5.1 billion in 2011 first half, compared with $1.8 billion in 2010 first half, reflecting the ramp up of investment in world class tier one growth assets
Growth programme gathers momentum:

  • Pilbara iron ore expansion to 283 million tonnes per annum (Mt/a) on track to complete by end of 2013
  • Proposed expansion of Pilbara to 333 Mt/a brought forward by six months to first half of 2015: full approval decision expected in early 2012
  • Rio Tinto assumes control of Riversdale and completes acquisition on 1 August: first coal from Benga anticipated by the end of 2011 with substantial growth options ahead
  • Rio Tinto increases investment in Ivanhoe to 46.5 per cent: first commercial production from Oyu Tolgoi copper-gold project in Mongolia expected by 2013
  • First shipment of iron ore from Simandou expected by mid-2015 following Settlement Agreement with Government of Guinea

Share buy-back increased by $2 billion to $7 billion, to be completed by the end of the first quarter of 2012, subject to market conditions. This will maintain the momentum to date which has seen 44 million Rio Tinto plc shares bought back during 2011 at a total cost of $3.0 billion
Interim dividend of 54 US cents per share declared, in line with the Group’s dividend policy and previous guidance

www.riotinto.com

http://www.traderdealer.com.au/fundamentals/rio

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Cardno Profit Increases 98%

Wednesday, February 16th, 2011

Global infrastructure services consultancy Cardno Limited (CDD) announced a record net profit after tax of $31.7 million for the December 2010 half year, an increase of 98% over the previous corresponding period (pcp).  Basic earnings per share was 31 cents, a 63% increase on the pcp.  EBITDA rose 122% to $55.7 million.

The record profit for this period follows the six consecutive record annual profits and earnings per share growth since listing in 2004. Revenue was $436 million, which was 91% higher than the pcp.  Operating cash flow was $39.8 million, up 134% on the pcp.

The Company’s balance sheet remains strong with a low debt to equity ratio of 35% and cash of $80 million at December 31. The Board has declared an increased interim dividend of 17 cents per share (up from 14 cents pcp) franked to 70% to be paid on 25 March 2011 to all shareholders registered on 11 March 2011. Cardno has increased dividends every year since listing and the Company will target a payout ratio of 60% of future profits.

Cardno’s Managing Director, Andrew Buckley, said the record profit for the period is due to the Company’s successful strategy of geographical and discipline diversification.  Performance by Cardno ENTRIX and Cardno ERI in the Americas region was particularly strong, endorsing the Company’s focus on high growth market sectors and integration of strategic acquisitions.

Mr Buckley commented that he expected second half profit performance will be robust although slightly weaker than the first half.  He expects that the impact of lower workload on the Gulf of Mexico oil spill will be offset by improving conditions across the business and recent project wins.   Mr Buckley added that the impact of the recent floods and wet weather on the East Coast of Australia is expected to be neutral in the half with any loss of revenue in the first quarter offset by increased work in the second quarter.

The company continues to perform strongly and remains well positioned for further expansion through organic growth and strategic acquisitions.

www.cardno.com

http://www.traderdealer.com.au/Fundamentals/cdd

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

ASX Company News: Data#3 Posts Record Profit

Tuesday, August 24th, 2010

Data#3 Limited (DTL), a national information and communications technology (ICT) company, announced another best ever result with a record net profit after tax of $10.9 million for the year ended 30 June 2010, an 11% increase over the 2009 financial year.

Data#3 recorded a 13% increase in total revenue to $599.2 million, and earnings per share increased 11% to 70.88 cents.  The Board has declared a final dividend of 33 cents per share to bring total dividends for the year to 56 cents per share, an increase of 12% over the previous year. The dividend will be paid on 30 September 2010.

“Our key strategy for organic growth continues to be well-executed by the management team,” Chairman Richard Anderson commented. “Our offerings position us competitively to win and ongoing investment in new internal systems has seen some improvements in operational efficiency through the 2010 financial year. We are delighted to once again report solid growth in earnings and dividends. This growth, combined with a 33% gain in the company’s share price over the year, has delivered an excellent result for shareholders” he said.

www.data3.com.au

http://www.traderdealer.com.au/Fundamentals/dtl

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Pro-Pac Packaging Announces Record Profit

Thursday, February 25th, 2010

Innovative packaging solutions provider, Pro-Pac Packaging Limited (PPG), announced record half year revenues and profits. Revenue of $46m was 22% up on the previous corresponding period and after tax profits were up 248% at $3m. EBITDA was $5.6m for the half as compared to $2.6m for the previous corresponding period. Earnings per share for the half were approximately 2.5c.

Strong performances were recorded by both the industrial and rigid packaging divisions, both of which exceeded budget expectations for the half year.  Revenue growth and margin enhancement during the period under review were in large part driven by management’s focus on winning and supporting key quality national corporate clients and offering a more diverse, integrated and cost effective packaging solution. The results for the period also reflect management’s focus throughout calendar 2009 on improved customer support, procurement and logistics. A return to more stable input costs and a stronger Australian dollar were also positive contributors.

Cashflow generated form operating activities was positive $2.8m for the period. During the period the Company continued to invest significantly in additional working capital to support its strong organic growth.  The Company’s balance sheet remains robust with shareholders’ equity growing to $53.5m and total assets increasing during the six month period by $5.6m to $79m as at 31 December 2009. Net interest bearing debt was $6.8m resulting in a conservative gearing ratio of 13% (net interest bearing debt/shareholders’ equity).

In light of the strong result, the Company today declared a fully franked interim dividend of one (1c) cent per share. The Record Date for determining entitlements to the dividend is 12 March 2010. The dividend will be paid on 9 April 2010. The Company’s Dividend Reinvestment Plan (DRP) will apply to this interim dividend at a discount of 3%.

The Company is actively considering a number of strategic earnings accretive acquisition opportunities. The quality of acquisition opportunities has improved over the reporting period as capital and credit markets for small to medium sized business enterprises remain difficult.

www.propac.com.au

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Neptune Marine Profits Increase 200%

Friday, February 27th, 2009

Neptune Marine Services (NMS) reported first half 2009 revenues of $95 million versus $31.7 million in H1 2008. Income from continuing operations, excluding non-cash charges, was $15.6 million, representing diluted earnings per share of 5.1 cents versus 1.0 cent for the same period last year.  Operating cashfows for the period were $6.4 million versus $4.2 million for the first half of 2008. 

Neptune’s Managing Director and CEO, Christian Lange, said the result was particularly encouraging in light of the current global economic climate. “As previously outlined, Neptune has not experienced a material impact to date, as the majority of our revenue is derived from continued investment in brownfield infrastructure and producing assets,” he explained. “Additionally, it is worth noting that revenues for the first six months include only three months contribution from the Neptune Trident Offshore Vessel.” 

http://www.neptunems.com/ 

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Arrow Hits the Target

Friday, February 27th, 2009

Leading Australian integrated energy company Arrow Energy (AOE) announced a $241.3 million net profit after tax for the half year ended 31 December 2008. The company’s strong performance was underpinned by its transaction with Royal Dutch Shell which saw the oil giant pay A$319 million during December 2008 as part payment for a 30% share of Arrow’s interests in all of its Australian upstream tenements.  

Excluding non-operating items which includes the Shell deal, total revenue was $48.2 million, up 71% on the comparative prior half year.  Arrow’s cash on hand at year end was $297 million which has subsequently increased to over $550 million since the completion of the Shell transaction earlier this month. 

Arrow Chief Executive Officer and Managing Director, Mr Nick Davies, said “Challenging economic conditions over the past six months made the company’s first half performance particularly impressive.” 

http://www.arrowenergy.com.au/page/Investor_Relations/ASX_Announcements/

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

Sonic Booms

Wednesday, February 25th, 2009

Sonic Healthcare (SHL) today reported a record interim net profit of A$137 million for the half year to 31 December 2008, an increase of 21% over the comparative period. The result was achieved on revenues of A$1,439 million, 28% higher than the corresponding period in the prior year. 

Sonic’s CEO and Managing Director, Dr Colin Goldschmidt, said: “Sonic Healthcare has delivered another strong result for the half year and has shown the resilience of its business against global economic conditions and the current credit crisis.  A particularly pleasing aspect of this result is the strong organic revenue growth of our laboratory operations. We have clearly taken market share in a number of our key markets, including Australia. The efforts of our management teams to identify and capture synergies are also bearing fruit, with strong margin expansion especially in Germany and the USA.” 

Sonic’s Board has declared an interim dividend of 22 cents per share (franked to 60%), a 10% increase over the previous year’s interim dividend. 

http://www.sonichealthcare.com/ 

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

Cash Converters Cashing In

Tuesday, February 24th, 2009

Cash Converters (CCV) announced an increase in revenue of 23% as well as a profit increase of 30% and is thriving in the current economic conditions.  The last year has been the most successful in the Company’s history with a record net profit after tax of $15.1m, up 30% on last year’s result.  

The first four months of this financial year have also been strong. The performance of the Group during this period sees net profit after tax up $1.1m against the budget on which our full year published guidance of $12m NPAT for 2009 was based. Accordingly, the Company expects that it will at a minimum achieve a result of $13.1 million net profit after tax, taking into account the Group’s performance during the first 4 months of this year. 

The Directors of the Company recommend an interim, fully franked dividend, of 1.5 (one and a half) cents per share to be paid on 31 March 2009 to those shareholders on the register at close of business on 17 March 2009. 

http://www.cashconverters.com/

Post to Twitter

Tags: , , ,
Posted in ASX Company News | No Comments

OM Holdings Announces Record Profit

Tuesday, February 24th, 2009

OM Holdings  (OMH) announced a record $115.6 million net profit after tax for the 12 months to 31 December 2008, reflecting exceptional contributions by each of its manganese mining, marketing and ferro-alloy business units and providing a strong platform for continued growth.  

The record net profit was more than double the $56.9 million net profit for the previous corresponding year and was achieved on a 98% increase in sales revenue to $574.1 million.    Significantly, more than half of total sales ($288.9 million) were derived in the second half of 2008 despite the suspension of product shipments during the fourth quarter following the impact of the economic crisis on global commodity markets. 

The outstanding financial performance enabled the Board of OMH to declare a final dividend of 3 cents per share. This takes the total dividends for 2008 to 6.5 cents per share.

 

OMH’s CEO, Mr Peter Toth said:  “All divisions contributed strongly to this result with record operational and financial milestones achieved from our mining, smelting and marketing operations. The strong cash generation capability of these businesses enabled us to finish the year with total cash and bank balances of $119.3 million with virtually no debt, putting us in a strong position moving forward.

 “While the outlook for the steel industry remains volatile and uncertain, we have seen a recovery in Chinese manganese alloy and ore demand during the first Quarter. This has been reflected in our ability to secure more than 150,000 tonnes of contracted sales of manganese ore for the January-March Quarter of 2009. 

http://www.omholdingsltd.com/inv_01report.html

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments

Woodside Petroleum Breaks All Records

Thursday, February 19th, 2009

Woodside achieved record production, income, cashflow and net profit after tax as well as growing their reserves. 

  • Reported net profit after tax of $1,786 million, up 73%
  • Underlying net profit after tax of $1,832 million, up 55%
  • Production of 81.3 million barrels oil equivalent (MMboe), up 15%
  • Annual revenue of $5,990 million, up 56%
  • Net operating cash flow of $3,784 million, up 52%
  • A final dividend of 55 cents per share was declared, fully franked.
  • The 2008 dividend totals 135 cents per share, fully franked, up 30%
  • Despite increased production, Proved reserves grew by 101 MMboe and Proved plus Probable reserves increased by 15 MMboe.

Woodside achieved record revenue of almost $6.0 billion this year. The 56% increase in sales revenue resulted from higher production and commodity prices. However, the effects of global economic turmoil were observed in the second-half of 2008, resulting in a reduction in average realised oil price from Q3 2008 (A$135.37/bbl) to Q4 2008 (A$72.59/bbl).  

At 2008 production levels, the reserves-to-production ratio is 17 years for Proved reserves and 22 years for Proved plus Probable reserves. If all the contingent resources were commercialised and considered with reserves, 2008 production levels could be maintained for 46 years. 

http://www.woodside.com.au/

 

Post to Twitter

Tags: , , , , , ,
Posted in ASX Company News | No Comments

« Older Entries