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Ausdrill profit higher, positive forecast

MINING services contractor Ausdrill has reported a net profit after tax of $11.3 million for the year to June 30 and is predicting another strong year ahead. The result included a one-off tax credit of $2.2 million and the acquisition of an outstanding 50 per cent interest in African Mining Services, Ghana. Normalised revenue was up 32 per cent to $212.1 million with normalised profit after tax up 28 per cent to $9.1 million. The Kewdale-based com-pany’s Australian businesses performed well, with an increase in the division’s before-tax profit contribution to $10.2 million, up 252 per cent.Ausdrill declared a final fully-franked dividend of 2.25 cents a share, payable on October 26. The financial position of the company remained solid, the directors said in a statement, with shareholder equity growing by $10.6 million to $79 million and a cash position of $11.2 million. In March Ausdrill acquired from Henry Walker Eltin its 50 per cent share in AMS, which it expects to be a strong contributor to the group in future years.

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Ausdrill (ASL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
108thAusdrill94%3%
271stAustralian Finance Group28%0%
272ndMonadelphous28%-1%
333rdNavitas17%2%
505thMACA-9%-2%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/03/18
$1.5m Sold
01/03/18
$100.0m Sold
03/03/15
$29k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

7th↓Monadelphous$1,252.1m
8th-Navitas$967.8m
9th↑Ausdrill$783.5m
10th↑Australian Finance Group$573.4m
11th↑MACA$520.3m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Ausdrill

93rdRon Sayers$792k
114thJohn Kavanagh$724k
430thTheresa Mlikota$306k
Ranked by total remuneration from all listed WA companies

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