This is a good report that should calm those worries,...

This is a good report that should calm those worries, particularly worries re mining contractors.
Good spread of work across rail, infrastructure and mining, and increasing long-term maintenance and support contract work.
Small comparable half year reduction in profit, but note div increased (from 11c to 12c) and fully franked compared to 70% previously.
And payout ratio only 60%.
Good cashflow and mgt confident about full year profit.
P/E less than 11
Div yield 5% (7% grossed up).

So, I expect that there will be initial price weakness in response to the headline "4.4% profit drop", and then gradual strengthening in sp as people read beyond the headline and analyse the figures.
...and come to the conclusion: solid business, key issues now in rear view mirror, 7% yield, P/E<11, payout ratio only 60%, lots of potential for div and sp growth.
DYOR of course