Clough reports profit decrease

CLOUGH Limited has reported a net profit of $25.1 million, down 10.7 per cent on the previous year thanks to a potential $12 million in losses in India and Indonesia.

Its revenue was down 16.3 per cent on the previous year to $541.2 million.

However, the company is paying a dividend of 4.5 cents to shareholders as it did last year, although this time the dividend is fully franked.

The $21.3 million sale of Clough’s Perth headquarters to the National Australia Bank Superannuation Fund helped secure the dividend.

l Integrated Perth-based engineer RCR Tomilinson has reported a $500,000 turn-around for the year to June 30, with a small profit of $25,000 on operations before abnormals.

It recorded an abnormal loss of $604,000, due to the finalisation of a number of claims against the company from past projects.

RCR managing director John Linden said there were no further claims of any significance against the company and the outlook for the current year was improving.

l Computershare has announced a 160 per cent net profit increase from $14.7 million to $38.2 million for the past financial year. Revenue increased 35 per cent to $408.9 million from $302.8 million.

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