Monadelphous: Interim result 2013

Despite another excellent result, the markets high expectations weren't met.

Despite releasing yet another sensational interim result, shares in Monadelphous swiftly fell 6% as expectations overshot reality. Revenue rocketed 47% for the half year to $1.3bn while net profit rose 38% to $79.1m despite margins margins dipping from 6.5% last year to 6.1%. From earnings per share of 88.6 cents, up 36%, a 62 cent dividend was declared (fully franked, ex date 4 March). As usual for this business, a large $126m net cash pile sits on the balance sheet, a mark of management's conservatism.

H1 2013

H1 2012


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