Blue Chip Stocks – Leighton Holdings (LEI)

Leighton Holdings (LEI) is the world’s largest contract miner, a major mover on the ASX and is one of the world’s largest major project development and constructing organisation.

LEI reported a 39% jump in FY10 net profit to a record $612 million.

Revenue rose 2% to $18.6 billion, exceeding its previous guidance of $18.5 billion in revenue, while work-in-hand reached a record $41.5 billion.

LEI sounded a positive outlook, stating that it expects to deliver increased revenue and operating profit in light of continued economic recovery in its key markets.

LEI declared a final dividend of 85 cents per share, up from last year’s 55 cents per share.

LEI shares leapt almost 6% yesterday and may be one of the stocks to buy.

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