Downer EDI Ltd (ASX:DOW) Announces Half-Year Financial Results
Financial Performance
Downer EDI Ltd reported a decrease in total revenue from ordinary activities by 6.5% to $5,221.2m. However, earnings before interest and tax and amortisation of acquired intangible assets (EBITA) rose by 7.8% to $150.1m. Underlying EBITA increased by 35.7% to $204.3m.
Profit After Tax
The profit from ordinary activities after tax attributable to members of the parent entity increased by 5.8% to $69.3m. Underlying profit after tax rose by 8.7% to $87.2m.
Earnings Per Share
Earnings per share increased to 10.3 cents from 9.8 cents, representing a 5.1% rise. Net tangible asset backing per ordinary share also increased by 2.5% to 32.6 cents.
Dividend Declaration
Downer EDI Ltd declared an interim dividend of 10.8 cents per share, up from 6.0 cents. The dividend is franked at 8.1 cents per share. The dividend record date is 27 February 2025, and payable date is 27 March 2025.
Operational Updates
Downer EDI’s Dividend Reinvestment Plan (DRP) has been suspended.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.