MARKETS

UGL breaks more records

ENGINEERING company UGL has posted its 10th consecutive year of record earnings and has boosted n...

Kristie Batten
UGL breaks more records

Underlying net profit was up 9% to $164.4 million on revenue of $4.58 billion, a 5% rise.

Earnings before interest and tax were $249.4 million and earnings per share were 99c.

The company declared a final dividend of 38c per share, taking total dividends for the year to 70c, a new record.

During the year, UGL secured over $4 billion of new projects and contract extensions and the company’s order book stands at $8.2 billion.

The company added that it had over $1 billion of work at preferred tenderer stage and $7.7 billion of opportunities in the pipeline.

UGL’s resources division generated EBIT of $44 million on revenue of $959 million and the company won new contracts in coal, iron ore and alumina.

The company is expecting further growth in the current financial year, but has not provided guidance due to current market conditions.

Shares in UGL fell 28c to $12.22.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production