News: Downer EDI profits soar

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Downer EDI Limited (ASX:DOW)has posted a solid full-year profit, but flagged more uncertainty for the year ahead, with fewer new major capital works in the resources sector.

 

In the year to June 30, net profit came in at $215.4 million – up 10.3 per cent on last year.



The group says profit from ordinary activities after tax was about $204 million, more than 80 per cent higher than last year’s result.

 

In the same period, total revenue from ordinary activities was $8.4 billion, a 3.8 per cent lift on last year.

 

Downer EDI will pay a final dividend of 11 cents per share, with 7.7 cents franked.

 

Combined with the group's interim dividend of 10 cents, Downer EDI declared a total 2013 dividend of 21 cents per share.