LOGIN
REQUEST WALKTHROUGH
search
times
New call-to-action

Tags

See all

Articles

MND

Monadelphous Group - Reports 2020 First Half Result, Share Price Rallies 7%

Tumul Sinha

Tumul is an experienced Equity Analyst with ASR Wealth Advisers. She holds a Master’s Degree in Finance from the University of Sydney. Her key industry verticals include Real Estate, Health Care and Technology.

Before market open this morning Monadelphous Group Limited (ASX: MND) reported their half year results for the period ending 31 December, 2019. Monadelphous Group Limited is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The company operates in Australia, Papua New Guinea and China.


monadelphous 2

 

The business has reported revenue of $852 million, a 2.6 per cent increase on the prior corresponding period and up 9.5 per cent on the second half of FY19. This number represents a 1.7% beat on consensus expectations. Consequently, earnings before interest tax depreciation and amortization (EBITDA) was reported at $59.1 million, a 3.9 per cent beat on analyst expectations

The Board of Directors declared a fully franked interim dividend of 22 cents per share, slightly below consensus expectations of 26 cents per share. This represents an annual dividend yield of 2.68 per cent of the previous market close price $16.38 per share.

The market reacted favorably to Monadelphous Group’s report, with the share price rallying as much as 7 per cent intraday to $17.55 per share. Monadelphous Group Limited was the best performing stock of the ASX 200 in today’s trading session.


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law, we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

New call-to-action
New call-to-action

Company Articles

Looking for more Stock Recommendations?

Fill in your details to receive our special report: Top 3 Income Stock Recommendations for 2020.