Search

Austal ships half year profit down

HENDERSON-BASED ship builder Austal Ltd recorded a half-yearly net profit of $18.6 million, down 11.5 per cent on the same period last year. The company posted revenue of $167.8 million, up 2.8 per cent on the previous corresponding period, with contracted commercial and defence orders providing (still to be recognised) revenue of $650 million through to 2009. Construction contract revenue of the Australian operations fell 20 per cent compared with the previous corresponding period. There was a corresponding increase in revenue from operations in the US, with a lower margin than the Australian operations. Austal said no dividend would be payable with respect to the interim period to December 31 2005.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-Saferight8,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer