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

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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