APA Group today, 22 August 2018, announced net profit after tax of $264.84 million, up 11.8% on previous year results. In a solid full year results release, APA reported an increase of $53.1 million to $1.94 billion in group’s revenue supported by contributions from newly commissioned assets, new contracts on APA’s East and West Coast Grid and favorable change in exchange rates change.
Earnings before interest, tax, depreciation and amortization for the year ending 30 June 2018 increased 3.3% to $1.52 billion compared to previous year result of $1.47 billion.
APA Group engaged in energy infrastructure business reported capital and investment expenditure of $875.5 million during the year. Gearing down to 65.4%
APA Chairman, Mr Michael Fraser said, “APA’s FY2018 results, reflect our continued focus on working with all our stakeholders to develop energy infrastructure that reliably, affordably and sustainably delivers energy across our vast country.”
In this year company has increased its distribution payout ratio to 51.5%, declaring final distribution of 24.0 cents per security in line with the estimate delivering a total distribution for FY2018 of 45.0 cents per security, up 3.4% on prior year. Franking credit totaled to 6.33 per security for FY18.
In APA’s guidance for FY2019, EBITDA is forecasted to be between $1.550 million and $1,575 million and net interest costs in the range of $500 million to $510 million. Total distribution per security is expected to be in order of 46.5 cents per security, if CKI’s acquisition deal does not goes through.
APA stock continues to rise as share price increased 0.645% to $10.145 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.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.