Austal ships half year profit down
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Tuesday, 28 February, 2006 - 21:00
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.