MANUFACTURING
Gloves and condom maker Ansell insists it can lift full year earnings despite a steep drop in first-half profit. Ansell reported a 15 per cent fall in net profit to $55 million for the six months to December, despite revenues growing 5.1 per cent to $627.9 million. It also announced a share buyback and raised the interim dividend by 1¢ to 16¢, but the stock fell 5.7 per cent to $15.94.
ENGINEERING
Volatility costly
Engineering giant WorleyParsons posted a flat first-half result and tempered its forecasts for the full year. It reported a net profit of $155.1 million in the six months to December, up 2 per cent. The chief executive, Andrew Wood, said volatility in commodity prices had affected conditions in the first half. Worley declared a fully franked interim dividend of 41.5¢ per share, up 1.5¢.
MINING
Oz turns corner
Analysts said the worst appeared to be behind copper and gold producer Oz Minerals after profit for the year to December fell 44 per cent to $152 million. The company declared an unfranked dividend of 30¢ a share, down from 60¢ in 2011.
LABOUR
Skilled on rise
Labour contractor Skilled Group reported net profit of $28.2 million for the six months to December, up 10.2 per cent on the previous period. Revenue was up 4.2 per cent at $971.7 million. The company declared a fully-franked interim dividend of 7¢, up 2¢.
ONLINE
Carsales climbs
Online classifieds company carsales.com has posted a 14 per cent rise in half-year profit. The company posted an after-tax profit of $37.6 million in the six months to December and will pay a fully-franked interim dividend of 12.7¢ a share.
MORTGAGE BROKERS
Popularity up
Two in five people obtaining their first home loans are using mortgage brokers, research shows. Brokers were responsible for $100 billion worth of home loans written last year, according to Comparator's analysis.
Frequently Asked Questions about this Article…
Ansell reported a 15% fall in net profit to $55 million for the six months to December, even though revenues grew 5.1% to $627.9 million. The company said it remains confident it can lift full-year earnings, but the stock fell 5.7% to $15.94 after the results.
Yes. Ansell announced a share buyback and raised its interim dividend by 1¢ to 16¢ per share alongside the half-year results.
WorleyParsons posted a flat first-half result with net profit of $155.1 million for the six months to December, up 2%. CEO Andrew Wood said volatility in commodity prices affected conditions in the first half, which led the company to temper its forecasts for the full year. Worley also declared a fully franked interim dividend of 41.5¢ per share, up 1.5¢.
Oz Minerals' profit for the year to December fell 44% to $152 million. Analysts said the worst appeared to be behind the company after that drop. Oz Minerals declared an unfranked dividend of 30¢ a share, down from 60¢ in 2011.
Skilled Group reported net profit of $28.2 million for the six months to December, up 10.2% versus the previous period. Revenue rose 4.2% to $971.7 million, and the company declared a fully franked interim dividend of 7¢, up 2¢.
Online classifieds company carsales.com posted a 14% rise in half-year after-tax profit, reporting $37.6 million for the six months to December. The company said it will pay a fully franked interim dividend of 12.7¢ per share.
The article reports: WorleyParsons declared a fully franked interim dividend of 41.5¢ per share; Skilled Group declared a fully franked interim dividend of 7¢; carsales.com will pay a fully franked interim dividend of 12.7¢; Oz Minerals declared an unfranked dividend of 30¢; Ansell raised its interim dividend to 16¢ (the article does not state its franking status).
Research cited in the article shows two in five people obtaining their first home loans used mortgage brokers. Brokers were responsible for $100 billion worth of home loans written last year, according to Comparator's analysis.
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