Leighton Holdings Reports Jump in Profits

Leighton Holdings Ltd (ASX: LEI) reported a 39% rise in full year net profits on Monday. The company said that work in hand had increased to a new record making sure that it was looking forward to a good current financial year as well.

Leighton Holdings is Australia’s largest construction group.

The net profit for the year to June 30 was $611.9 million. In the previous year the same figure was $440 million for the fiscal year 2009. Group revenue in the year up to June was $18.6 billion.

This too was a 2% raise on the previous figure for the corresponding period last year. Leighton Holdings has declared a fully franked final dividend of 85 cents per share this year. This was 55 cents in the year 2008-09. The full year payout is now up to $1.50.

However the year ahead may not be as good as what the company predicts. The road ahead my be rocky as governments, corporations and markets work their way through the residual effects of the global financial crisis.

Shares were trading at $30.67 up 6.12%, AEST 3:00pm Monday.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


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