- Downer H1 net profit A$78 mln vs A$73 analysts
- Targeting full-yr profit of A$175 mln vs A$160 analysts
- Shares up 13 pct to 7-yr high
(Adds shares, dividends, forecasts)
SYDNEY, Feb 2 (Reuters) - Australian engineering contractor Downer EDI Ltd (DOW) on Thursday posted an 8.5 percent rise in interim net profit and upped its full-year guidance, sending its shares to a seven-year high.
Net profit came in at A$78.2 million ($59.27 million) for the six months to Dec. 31, the company said in a statement, beating analyst forecasts of A$73 million.
The company added that it is now targeting net profit of about A$175 million for the full financial year, a decline from the previous year's A$180 million result but better than the A$160 million forecast by analysts.
Downer is Australia's biggest non-government builder of roads, and also does construction and transport engineering work for miners and other large industrial clients.
The company's Sydney-listed shares were up 13 percent in early trading, hitting their highest intraday level since early 2010. The broader sharemarket was up 0.3 percent.
Sales rose 2 percent in the half-year period. The company declared an interim dividend of A$0.12, in line with the same period a year earlier.
($1 = 1.3194 Australian dollars)
- Forums
- ASX - By Stock
- DOW
- News: UPDATE 1-Australia's Downer EDI lifts guidance as first-half beats expectations
News: UPDATE 1-Australia's Downer EDI lifts guidance as first-half beats expectations
Featured News
Add DOW (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.87 |
Change
0.150(2.62%) |
Mkt cap ! $3.626B |
Open | High | Low | Value | Volume |
$5.78 | $5.88 | $5.77 | $766.1K | 131.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 5016 | $5.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.87 | 581 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11207 | 7.790 |
9 | 88463 | 7.780 |
14 | 155873 | 7.770 |
4 | 46490 | 7.760 |
4 | 41979 | 7.750 |
Price($) | Vol. | No. |
---|---|---|
7.810 | 15057 | 2 |
7.820 | 86140 | 8 |
7.830 | 173913 | 17 |
7.840 | 107016 | 11 |
7.850 | 23268 | 5 |
Last trade - 12.19pm 22/11/2024 (20 minute delay) ? |
Featured News
DOW (ASX) Chart |