Cambell Brother’s ALS Limited (ASX: ALQ) released their results of 2018 Annual General Meeting on Wednesday. The company reported their FY18 earnings of $0.28 per share which shows the growth of 21.9% on the $0.23 per share earnings of previous year.
Company’s profit moved up by 21.1% to $142.2 million for the year ended 31st March 2018, in comparison with the last year’s profit of $117.4 million. This increase in Net Profit After Tax largely reflects the recovery of commodity cycle and expansion in Life Sciences and Industrial operations.
The Group’s leverage ratio was 1.7 times Net Debt over underlying EBITDA at year end, slightly down from 1.9 times last year. In an effort of improving EPS and dividend performance, company utilises $107 million to buyback excess of 15 million shares.
Total dividend of $0.17 per share, along with final dividend payment of $0.09, franked to 40 percent, has been paid in line with the dividend payout policy of 60 per cent of Net Profit After Tax.
Merger and Acquisition strategies remained unchanged, and ALS has decided to divest its Oil & Gas business and sell it off for $109 million as recently agreed upon with Chicago-based private equity firm Madison Industries.
ALQ stock surged up by 11.33% in last five days and was trading at $8.67, as at August 03, 2018 by mid-day.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.