Kerry Stokes' Seven Group Holdings Limited
(ASX:SVW) has attributed challenging conditions and lower commodity prices for its interim profit drop.
The diversified investment company’s net profit fell 74 per cent to $69.2 million in the first half of the 2015 financial year though its underlying profit dipped only 10 per cent.
CEO Don Voelte says the group continues to perform in line with expectations and has maintained market leadership with its existing businesses.
Looking ahead Seven Group has confirmed it expects annual underlying EBITDA to decline between 10 to 15 per cent.
An interim fully franked dividend of 20 cents per share has been maintained.
