Seven Group Holdings (SVW) is a diversified operating and investment group listed on the Australian Stock Exchange. The operating business encompasses WesTrac, a global top five Caterpillar dealership. It also is a minority holder in Seven West media and major shareholder National Hire.
Seven Group Holdings announced a 1H FY12 profit of $52.1 million, a 57.8% fall on the previous corresponding period. The result was better than the market expected.
Despite the fall in profit, revenue grew 29.3% to $2 billion over the same period.
The result was spoiled by $165.2 million impairment charge on the carrying value of its investment in Seven West Media.
The company will pay an interim dividend of 18 cents a share, fully franked.