Qube Holding limited (ASX: QUB) reported net profit after tax of $199.3 million, up 158% on prior year. EBITDA increased 63% to $413.2 million in fiscal year ended 30 June 2018.
However, after excluding non-cash and non-recurring items, the group posted underlying profit after tax of $122.8 million, an improvement of 6% on prior year results. Underlying revenue was $1.65 billion, up 9% in FY18.
Infrastructure and Property division Patrick has outperformed Qube’s expectation resulting to increase group’s market share, earnings and cashflows.
The company has declared final fully franked dividend of 2.8 cents per share which brought total FY18 dividend to 5 cents per share. The special dividend of 2 cents was also announced on the back of $61.6 million cashflow distributed by Patrick. Both the dividends are payable on 19 September. Earnings per share was 12.5 cps, up 131%.
Investors go bullish on Qube Holding Limited as company doubles the profit and pays special divided. As a result, QUB surged 8.66% to $2.760 on Thursday 23 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.