Seven Group Holdings (SVW) 1H FY12 profit of $52.1 million

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.

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Downer EDI Ltd (ASX:DOW), provides engineering and infrastructure management services to the public and private rail, road, power, telecommunications, mining and resources sectors in Australia, New Zealand, Asia and the Pacific. Downer provides rolling stock services, drilling services for the exploration industry, mine planning and management services and highway maintenance.

Industrials stock Downer EDI today announced it has been awarded a six year magnetite mining contract with Karara Mining for provisions of services at its iron ore project in Western Australia.

The contract which commences this month has total estimated revenue of approximately $570 million over the six years.

CEO Mr Grant Fenn said the contract will enhance Downer’s exposure to the expanding iron ore sector and also increase its geographical presence in Western Australia.

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UGL Limited (formerly known as United Group), (ASX:UGL) is an engineering and services company providing industrial maintenance, manufacturing, engineering, transport facilities management and corporate real estate services to blue chip companies and governments throughout Australia, New Zealand, Asia, US and the UK.

Industrials stock UGL, today announced that it has successfully secured approximately $200 million in new contracts, while renewing several old contracts.

Managing Director and CEO, Richard Leupen said that strong momentum of contract wins is consistent with UGL’s strategy of maintaining and growing a stable base of recurring revenue.

Mr Leupen also added the business remains healthy and is well positioned to support the growth outlook within the business.

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NRW Holdings (ASX:NWH) is a provider of civil contracting, mining services and equipment to the resources industry.

A leader in the Western Australia resources sector, NWH provides a number of services, most notably civil contracting services including rail formation, bulk earthworks, road and tunnel construction, and mining services, including earth moving, waste stripping, ore haulage and related ancillary services.

NRW Holdings advised the market that based on current management accounts, net profit for half year ending 31 December 2011 is anticipated to be in the range of $41-$43 million.

This profit forecast would represent a big increase of approximately 100% on the prior corresponding period.

NRW said that the second period of FY12 will be similar to the first period of FY12, subject to any unforeseen events.

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Asciano (ASX:AIO) is transport infrastructure and operations company formed from a de-merger from Toll Holdings in June 2007 and joined the ASX 200 soon after.

Today, Asciano released its FY12 September quarter update, saying that it has performed well in uncertain economic times.

However CEO John Mullen did warn global economic conditions were difficult and unpredictable at present, and refrained from releasing specific guidance for the remainder of the FY12.

AIO reported coal volumes fell 9% in the September quarter, amid reduced export demand and delivery issues.

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Downer EDI (ASX:DOW) specialises in the engineering, construction, telecommunications, mining and resource sectors in Australia, New Zealand and the greater Asia Pacific region.

It has been one of the shares to sell in recent times, having shed more than 50% of its value since January 2010.

Today, DOW stated it has been approached by parties looking to purchase its consultancy practice – CPG Asia, CPG Australia and CPG New Zealand.

DOW is currently conducting a review to optimise its business structure.

DOW shares have slumped around 2% so far, mirroring the fall in the stock market.

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Leighton Holdings (LEI) is one of the world’s major contracting, services and project development organisations, and also the world’s largest contract miner.

LEI owns six diverse and independent companies: Thiess, Leighton Contractors, John Holland, Leighton Asia, Leighton International and Leighton Properties and has significant interests in Al Habtoor Leighton Group, Devine and Sedgman.

LEI announced massive write-downs of its assets just over a month ago, and it has been one of the shares to sell since October last year.

On 16 May, LEI said it expects to resume dividend payments in FY12 despite reporting an unaudited $382 million loss for the nine months ending March 31.

The group forecast an FY11 net loss of $427 million, although it anticipates a $600 million – $650 million profit for the FY12.

Leighton Holdings based its optimistic guidance on a positive macroeconomic outlook, underpinned by increased infrastructure spending in Australia.

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Leighton Holdings (LEI) activities focus on contract management, project management, and property development in Australia, Hong Kong and South East Asia.

LEI has been one of the shares to sell since announcing a profit warning last November.

On 14 February, LEI reported a fall in 1H11 net profit to $216.7 million, down 25% from 1H10’s $288.9 million.

Excluding the sale of its 35% stake in Indian-based Welspun Corp, LEI would have reported a profit of just $14.7 million.

Leighton Holdings attributed the weak result to wet weather in Queensland impacting some of its mining projects, a stronger Aussie dollar, and a write-down of its 45%-owned Habtoor Leighton Group in Dubai.

The group declared an interim dividend of 60 cents a share, down from 85 cents a year earlier.

The result, which missed analyst estimates, resulted in LEI downgrading its full year guidance by 5.8% to $480 million.

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Downer EDI (DOW) specialises in the engineering, construction, telecommunications, mining and resource sectors in Australia, New Zealand and the greater Asia Pacific region.

DOW has been one of the shares to sell in 2010 as it contended with falling profits and major problems with its Waratah trains project.

On 8 December, DOW announced further delays in the delivery date of the first of its Waratah trains to RailCorp.

DOW now expects the first Waratah train to be delivered following the completion of a number of tests in January.

The damages payable by DOW were included in the $190 million provision previously announced on 1 June.

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