REPORTING SEASON: Leighton Holdings (LEI)
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Figure 1: Leighton Holdings 12 month chart
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.