Downer EDI Limited Announces Half Yearly Results: What Market Players Need to Know

Downer EDI

Downer EDI Limited (ASX: DOW) had come forward and made an announcement with regards to the half-yearly results ended December 31, 2018. The company happens to have four pillars namely safety, delivery, relationships as well as thought leadership. The company had generated total revenues amounting to $6.6 billion which implies the YoY rise of 8.6%. The company stated that the Transport revenue stood at $2.1 billion which implies the rise of 0.8% even though there was a lost in the revenues after the divestment of freight rail business. The document issued by the company also stated that the utilities revenues stood at $1.2 billion which reflects the rise of 27.5% on the back of continuing robust contributions from the nbn contracts in Australia and new renewable energy projects.  

However, Downer EDI Limited stated that the facilities revenues stood at $1.7 billion which implies the fall of 2.8%. The EC&M revenues stood at $945.1 million which implies the rise of 34.1% because of the increased activities with regards to lchthys project in Northern Territory as well as 6-month contribution from MHPS after the acquisition. The company encountered the mining revenues of $714.2 million which implies the rise of 3.6% largely because of increased activities with respect to Blackwater as well as Carrapateena and contribution witnessed from the new contracts. We would now have a look at the expenses of Downer EDI Limited.

The company’s total expenses, in the half-year ended December 31, 2018, witnessed the rise of 5.9% in comparison to the pcp (or prior corresponding period). This also includes $139.3 million related to ISIs (or Individually Significant Items). The employee benefits expenses of the company stood at $2.3 billion which implies the rise of 13.7%. Downer EDI Limited stated that this reflects 37% of the cost base of the company. The rise was witnessed largely because of increased activity throughout group as well as more labour-intensive contract base in comparison to the prior corresponding period.

We will now understand how the stock of Downer EDI Limited has performed today and how its stock had performed in the past. On February 7, 2019, the stock of Downer EDI Limited closed the session in red as its stock price witnessed the fall of A$0.350 per share or 4.63%. The company’s stock wrapped up the session at A$7.210 per share. The market capitalisation of Downer EDI Limited stood at $4.5 billion. The annual dividend of Downer EDI Limited stood at 3.57%. Talking about the past performance, the company’s stock delivered the return of 1.34% in the period of previous six months whereas, in the time horizon of previous 3 months, the company’s stock had posted the return of 9.41%. As per Australian Securities Exchange or ASX, Downer EDI Limited happens to have an earnings per share (or EPS) of A$0.121 while the company is having P/E (price-to-earnings ratio) of 62.530x.

In the previous one month, the company’s stock had given the return of 11.01%.


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