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Shares in Leighton Holdings Limited (ASX:LEI) jumped to yesterday’s best performer after the company swung to a full year profit of $450 million from a loss of $286 million the year before.
The construction company’s result was achieved as completed the Airport Link and Victorian Desalination Plant as it focuses on its stabilise, rebase and grow strategy.
Looking ahead Leighton expects to deliver an underlying net profit between $520 million and $600 million in fiscal 2013.
A final dividend of 60 cents per share, 50 per cent franked has been declared, bringing the full year payout to 80 cents per share.
Shares in Leighton jumped 11.2 per cent on Wednesday, closing at $23.14.
