IT is reporting season and For the Record is going to attempt to bring as many of those results to readers as possible.
Listed engineer Monade-lphous Group has reported record sales revenue and after tax profit levels for the 2002-03 financial year.
Sales revenue was $243.7 million, up 57.6 per cent and profit after tax increased 48.1 per cent to $7.07 million.
Earnings before interest, tax, depreciation and amortisation was up 27.9 per cent – despite being impacted by increased public liability costs and employee benefit liabilities and taking into account a doubtful debt that crystallised shortly after the balance date.
The company will pay a full year’s fully franked dividend of 25 cents a share.
Major engineering construction contracts impacted on the company’s 2002-03 results. It secured three major contracts associated with the major expansion of BHP Billiton’s iron ore operations in the Pilbara.
Great Southern Plantations has reported a record net profit of $41.4 million for the 2002-03 year, an increase of 140 per cent on the previous year. The company’s revenue from ordinary activities was up 82 per cent to about $99.5 million.
The company has declared a final fully franked dividend of 5 cents a share, on top of the interim fully franked dividend of 2 cents a share that was paid in May.
Perth-based integrated engineer RCR Tomlinson has reported a $2.1 million full year profit based on record sales of $91.1 million.
While profit was down from the $2.3 million in 2001-02 due to a $0.5 million loss on a major project, the company has doubled its dividend to 1 cent per share payable on November 19.
The second half profit of $1.2 million was up 50 per cent on the first half-year profit of $0.8 million. All of the companies tax losses were utilised.
Managing director John Linden said the company’s cash position had improved by $5.1 million and net bank gearing was down to 23 per cent.
