Sydney Airport (ASX: SYD) today released their Interim Financial Report for the Half Year Ended 30 June 2018, posting profit after tax of $173.2 million, an increase of 4.0% on previous corresponding period.
Group’s total revenue increased 7.9% representing growth across all consumwebusiness. Earnings before interest tax, depreciation and amortization increased to $623.4 million, up 8.1 percent on the prior corresponding period.
The group has posted significant growth in its total passengers including international passengers’ growth of 5.2% to 8.1 million. In the past 6 months company has staged strong performance in Aeronautical, Retail and Property with the revenue growth of 7.6%, 8.9% and 10.9%, respectively.
There has been capital investment of $ 179.6 million delivering customer facility improvement, enhanced services, and aviation capacity.
The company is leading the innovative Corporate Power Purchase Agreement, it also led tripartite agreement with meaningful cost savings. Up to 75% of its current electricity load with Grassroots Renewable Energy will be contracted with base load firming provided by Origin Energy. This will provide a meaningful cost reduction and its target of 50% reduction in carbon intensity by 2025.
The group has declared final distribution of 18 cents per stapled security in addition to interim dividend of 18.5 cents. This distribution is 100% unfranked.
SYD stock hiked 3.601% to $7.480 after the disclosure of interim report on Wednesday 22 August 2018.
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.