Monadelphous Group Ltd (ASX:MND) has posted its 1H FY17, and the key points are:
- NPAT fell 24.1% to $28.6 million, and
- sales revenue down 14.4% to $630.7 million.
The company says this was due to lower construction activity levels, which were partially offset by rising Maintenance and Industrial Services revenues.
Monadelphous declared an interim dividend of 24 cps fully franked.
Monadelphous also says, during this period, it was awarded new contracts worth $700 million – mainly in the infrastructure sector.
The company’s FY17 outlook for the maintenance sector remains positive as production levels grow and operating assets increase in age.
